Re:Ask HN: Investor signed SAFE but stalls on wiring the money
by nathanyz on Wednesday March 02, 2022 @09:33AM
(#30527714)
Agreed, given that the SAFE originated from YC, and apparently as a mechanism for easy financing to be used by startups. It would be interesting to hear their take on why a time limit for wiring of funds wasn't included, and also what their interpretation of this would be.
Of course with all of the normal, this is our opinion, but you should still ask your lawyer, etc disclosures. Having a shared understanding given the popularity of the SAFE's paperwork would be good for all founders who are using it or considering using it.
Of course with all of the normal, this is our opinion, but you should still ask your lawyer, etc disclosures. Having a shared understanding given the popularity of the SAFE's paperwork would be good for all founders who are using it or considering using it.