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Ask HN: Have you ever tried re-negotiating already signed SAFE note?
- relaunched 3y agoRe-negotiating is all about leverage and after signing, you have none. SAFE's are pretty standard, so I presume you aren't happy with the Cap or discount. Here are a few things to consider, before you become a huge problem for the CEO: - If you invested at the tail end of the good times and are upset that everything re-priced, that's just how things go sometimes. - If you are a part of a round with other investors, you all have the same terms. Changing just your terms will create problems. Changing everyone's terms will create problems. - Early investing is about swinging for the fences. No matter what the terms, as long as they are somewhat reasonable, will have great upside. If the company is a bust, your investment is worth nothing. If there is a small / non-existing exit, you have blah returns. A little more or a little less doesn't really matter. Unless there is more to it, you're probably having buyers remorse. It sounds like you weren't really mentally prepared to invest in startups and that's a tough place to be. Best of luck.