3 ms·
If you don't have concrete plans for a Series A in the 18 month timespan does a SAFE still make sense?
by dustingetz 9y ago
If you don't have concrete plans for a Series A in the 18 month timespan does a SAFE still make sense?
- jalonso510 9y agoThat's one place where the SAFE is better than a convertible note - a note will have to have a specific term for maturity, usually 18 or 12 months, but a SAFE can just sit there outstanding indefinitely until an event causes it to convert.
- anotherfounder 9y agoThis could get tricky. I imagine, at some point when you feel the round is closing, you'd want to set some terms/valuation and ensure that the biggest investor (or most/all of the investors) feel good about that.