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A comment on Gumroad raised $5M as a SAFE without ever needing to convert to shares.
This might cause them such a legal headache that VCs may think twice about investing in future rounds.
Might be in their interest to just update the language and convert the shares at the next round.
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This might cause them such a legal headache that VCs may think twice about investing in future rounds.
Might be in their interest to just update the language and convert the shares at the next round.