Launch HN: Common Paper (YC W23) – SAFEs for Commercial Contracts

Re:Launch HN: Common Paper (YC W23) – SAFEs for Commercial C... by jakestein on Tuesday May 23, 2023 @10:23AM (#36044766)

Shoot, thanks for flagging the website. I think we have it working now but trying to make sure it stays up.

For the Oracle example, big, old-school companies like this are definitely the hardest to get onboard. However, there are examples of large enterprises adopting standard contracts, including:

The biggest banks in the world trade derivatives using the ISDA master agreement (here's an example of Bank of America that they filed publicly: https://www.sec.gov/Archives/edgar/data/1065696/000119312511...)

The largest ad platforms and advertisers use the IAB standard terms, often with a short addition specific to their company (Here's an example from Disney https://disneyconnect.com/dpep/disney-ad-guidelines/)

We've already seen examples of Fortune 500 companies signing Common Paper agreements, and we're hopeful that it will become more and more accepted by them over time

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Re:Launch HN: Common Paper (YC W23) – SAFEs for Commercial C... by gnicholas on Tuesday May 23, 2023 @11:43AM (#36045973)

When you say Fortune 500 companies have signed your agreements, are these material agreements, or NDAs and small-dollar contracts? Or are they signing six- and seven-figure deals on your paper?

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Re:Launch HN: Common Paper (YC W23) – SAFEs for Commercial C... by jakestein on Tuesday May 23, 2023 @01:33PM (#36047783)

Some of them are six-figure deals. I don't personally know about any seven-figure deals, but we only find out about a minority of the use of the agreements.

The NDA is definitely the highest volume agreement, however. And a lot more of the deals are for 10k than $300k.

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Re:Launch HN: Common Paper (YC W23) – SAFEs for Commercial C... by bombcar on Tuesday May 23, 2023 @06:05PM (#36051421)

How much can you "see" of the contracts being signed? Is it a "we just promise not to look, much" or are they encrypted such that you need customer permission to view?

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Re:Launch HN: Common Paper (YC W23) – SAFEs for Commercial C... by jakestein on Tuesday May 23, 2023 @06:20PM (#36051570)

We would not need a customer's key in order to access a contract. However, only certain members of our team have the ability to access contracts, and they only do that when needed for support or to fix a bug. We log all instances of accessing a customer's account.

Stats like those I shared above are from a combination of what users tell us and from aggregated, anonymized metrics across our app.

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