Unintended Consequences: When SAFE and Convertible Notes Go Awry
Pascal's View
JULY 9, 2017
There is nothing wrong with using a SAFE or a convertible note in a startup if you know its implications. When it comes time to convert the notes, these entrepreneurs face ‘sticker shock’ about their post-financing ownership. Yes, and it’s a lot simpler than making your startup grow into a successful company. Sound simple?
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