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I think it implies that they intend to take VC money at some point in the future, like a series A, and they’re trying to avoid VC money now while they can get b
by simonbw 4y ago
I think it implies that they intend to take VC money at some point in the future, like a series A, and they’re trying to avoid VC money now while they can get better terms. I don’t know if that necessarily means they plan an exit, or if they’d be happy just being profitable, but I do think it implies they plan to grow significantly.
EDIT: Their website says that they don’t plan to take VC money, so I have no idea what a SAFE means in this case. The point of a SAFE is that the investor is guaranteed the best terms when a priced round of investment happens.