It's interesting to put Steemit through these tests;

1. Only invest what I can afford to lose: Without getting Philosophical, time is something everyone can afford
2. Diversification: I spend 1-2hrs per day on Steemit, that leaves me with 22 hours to work with
3. Invest in what you know: The more you use it, the more you will know. This is a unique investment because you can pull out at anytime, and you actually gain (in time).
4. Industry Activity
   a. Is the industry growing? Yes
   b. Is their larger player buying up smaller players? Yes, but doesn't apply
   c. Is the industry ripe for disruption? Yes
   d. Is the regulatory environment good for new players? Decentralised Blockchain Application are not under any regulation, nor will they ever be...
5. Could it be a 10 bagger: More than enough room. Steem currently has around a $300m market cap. Facebook is 1000x larger, and that's before we even talk about the further value Steem will unlock through potentially being a stable currency.
6. Strong Management: Yes, I've been very impressed
7. How big is the market opportunity: MASSIVE!!
8. Look for companies with strong corporate values: Steemit's Blockchain backbone fulfils this and some..
9. Growth is Key: User numbers for 4700 to 18,300 in 4 weeks... Yes!!
10. Cash Burn/Runway: @ned and @dan have a war chest filled with Steem, The runway looks very long right now...
11. FOMO: It's ok to have a bit of FOMO when the investment is free is risk

ZERO RISK!!!

I'm in!