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July 8, 2017 06:00 pm GMT
The shortcomings ofSAFE notesare coming home to roost; ironically, entrepreneurs are paying the price. Y Combinator invented the notes with a noble goal: “we intend the SAFE to remain fair to both investors and founders.” But many SAFE notes that entrepreneurs are quick to issue now have a nasty bite: much more dilution than the issuers thought when they signed those documents. Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/6eO-Q7chhS0/
Why SAFE notes are not safe for entrepreneurs
The shortcomings ofSAFE notesare coming home to roost; ironically, entrepreneurs are paying the price. Y Combinator invented the notes with a noble goal: “we intend the SAFE to remain fair to both investors and founders.” But many SAFE notes that entrepreneurs are quick to issue now have a nasty bite: much more dilution than the issuers thought when they signed those documents. Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/6eO-Q7chhS0/
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