I don't think anyone should read this as, "Convertible notes/SAFEs are bad." I would bet that for every one entrepreneur that has been screwed by having too hig

I don't think anyone should read this as, "Convertible notes/SAFEs are bad." I would bet that for every one entrepreneur that has been screwed by having too high of a cap there have been 9 who have benefited from being able to quickly raise money on convertible notes or SAFEs without pricing a round. This article is simply a warning that using a convertible note without any consideration to potential consequences in future rounds is a bad idea. A convertible note isn't necessarily a free pass that lets you say, "I don't have time to figure this all out right now" -- if only anything were. There are a few ways you can screw your company up raising convertible notes; there are a million ways you can screw your company up raising a priced round. At the end of the day, you have to have good mentors and lawyers to make sure you're not doing something stupid while you worry about building your company. As Mark Zuckerberg said at Startup School, and I may be paraphrasing, "The biggest mistake a startup can make is worrying about all of the mistakes they could be making." There's no way to get through unscathed, so have people who understand it better than you to make sure you're killing the closest snakes, and keep building a great company.