ICOs at the End of 2017: What We Think We Know and What We Don't Know

Re:ICOs at the End of 2017: What We Think We Know and What W... by woah on Tuesday October 17, 2017 @01:35PM (#15492879)

> Simple Agreements for Future Tokens (SAFTs), as used today, almost always are securities.

Does this mean that SAFEs are also securities? I imagine so, and they are usually given to accredited investors. I have also seen them being given to contractors and employees as partial payment in equity.

Is paying a non-accredited contractor in SAFE a possible issue with the SEC? If not, how are SAFTs different?

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Re:ICOs at the End of 2017: What We Think We Know and What W... by dragonwriter on Tuesday October 17, 2017 @01:43PM (#15492959)

> Does this mean that SAFEs are also securities?

Well, obviously, stocks and future interests in stocks are the basic textbook examples of securities. On SAFEs specifically, see, e.g., https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_sa...

“Some issuers have been offering a new type of security as part of some crowdfunding offerings—which they have called the SAFE.”

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Re:ICOs at the End of 2017: What We Think We Know and What W... by owens99 on Tuesday October 17, 2017 @02:50PM (#15493678)

If that non-accredited contractor falls under "friends and family" then no, it's not a problem.

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