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For those of you who are running Aussie startups we don't have any equivalent of the YC SAFE. We are stuck with pricing rounds even at the seed stage which wast
by danieltillett 9y ago
For those of you who are running Aussie startups we don't have any equivalent of the YC SAFE. We are stuck with pricing rounds even at the seed stage which wastes a huge amount of everyone's time.
I actually tried to get some lawyers here in Australia to convert over the YC SAFE agreements to Australian law and I could not find one. Apparently the big blocking point is none of the law firms wanted to take responsibility for the legal liability. This is one area where our "innovation" government could get involved to sort out.
- timavr 9y agoMuru-D does SAFE now and we are raising in Australia only with it. Reach out if need Australia specific templates.
- hughstephens 9y ago+1. I've participated as an angel in a few AU rounds with SAFEs and SAFE-like instruments rather than priced rounds.
- danieltillett 9y agoHugh where did these docs come from?
- danieltillett 9y agoHave these been released publically? You don't have a contact in your profile. Could you get in contact with me?