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A comment on Ask HN: How does a cash acquistion with SAFEs work?.

Re:Ask HN: How does a cash acquistion with SAFEs work? by nivertech on Thursday November 21, 2024 @07:59AM (#42203908)
Standard YC SAFE is for corporations (C Coprs), not for LLCs, as LLCs don't have shares to convert to, only membership units.

While there are SAFEs for LLCs, I don't get their purpose.

Maybe they can be useful for bootsrapping Micro-SaaS or lifestyle businesses.

https://jmdorsey.com/safe-for-llcs/

https://mccarthylg.com/can-an-llc-use-a-safe/

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