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> Simple Agreements for Future Tokens (SAFTs), as used today, almost always are securities. Does this mean that SAFEs are also securities? I imagine so, and th
by woah 9y ago
> Simple Agreements for Future Tokens (SAFTs), as used today, almost always are securities.
Does this mean that SAFEs are also securities? I imagine so, and they are usually given to accredited investors. I have also seen them being given to contractors and employees as partial payment in equity.
Is paying a non-accredited contractor in SAFE a possible issue with the SEC? If not, how are SAFTs different?
- dragonwriter 9y ago> Does this mean that SAFEs are also securities? Well, obviously, stocks and future interests in stocks are the basic textbook examples of securities. On SAFEs specifically, see, e.g., https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_safes https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_sa... “Some issuers have been offering a new type of security as part of some crowdfunding offerings—which they have called the SAFE.”
- owens99 9y agoIf that non-accredited contractor falls under "friends and family" then no, it's not a problem.