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. In contrast, there is limited benefit for being the 2 nd investor or the 10 th investor joining the syndicate of a priced round, so it is common for investors to wait to see “who else is involved”. Sound simple? Now go do it.
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