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Re:SAFEs are not bad for entrepreneurs by CalChris on Tuesday July 11, 2017 @06:31PM (#14748645)
At Series A, you are talking about a lot more money and a lot more company history. So VCs have an incentive and the information to price and negotiate terms. And at that point, it's best to have a good startup lawyer on your side of the table because the terms will be many. A Safe is like training wheels for the complexities Series A will bring.

Really, no one has said it, but one of the few remaining competitive advantages of Silicon Valley is the legal talent available here. While I read Venture Hacks and Brad Feld as much as anyone, I'll get a good lawyer when/before I get to A.

Similarly, LLC's can be a simple stepping stone to Delaware C. Also, provisional patents are a stepping stone to a full application. Along with Safes, these allow people to move forward without the complexity and cost of completeness.

Re:SAFEs are not bad for entrepreneurs by logicallee on Wednesday July 12, 2017 @08:35PM (#14757896)
>one of the few remaining competitive advantages of Silicon Valley

few->many