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Yes and they aren’t unquestionable. YC released the SAFE and then a few years later, after working with thousands of founders, thought it was too confusing to
by tyre 8y ago
Yes and they aren’t unquestionable.
YC released the SAFE and then a few years later, after working with thousands of founders, thought it was too confusing to have a feel for ownership and conversion with pre-money valuation caps, so they moved to a post-money SAFE.
The SAFE itself has a few variations and you’re welcome to add/remove things as they make sense. With more complicated legal documents, like a Series A raise, of course people should adapt.
Open standards are a starting point.