The shortcomings of SAFE notes are coming home to roost; ironically, entrepreneurs are paying the price. Y Combinator invented the notes with a noble goal: “we intend the SAFE to remain fair to both investors and founders.” But many SAFE notes that entrepreneurs are quick to issue now have a nasty bite: much more dilution than the issuers thought when they signed those documents. Read More

from iFeeltech IT News Mix4 https://techcrunch.com/2017/07/08/why-safe-notes-are-not-safe-for-entrepreneurs/?ncid=rss

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