'SAFE notes' Tag
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A SAFE note simulation
April 2, 2019The other day I explained several drawbacks of SAFE notes which I fear are often overlooked by founders raising funds. This post here will only make sense if you’ve read that earlier piece, so feel free to skim through it first before reading this one. Also, as I stated last time but will reiterate here, […]
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Five reasons SAFE notes may not prove as safe as hoped
March 18, 2019[Note: see here for this piece published in Japanese.] When I raised money for my startups in the 90s, preferred shares were the primary investment instrument employed by VCs. Convertible notes and venture loans occasionally made an appearance on the debt financing side, especially during the run-up period to the dot-com bubble. One of today’s […]