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A comment on Announcing the Safe, a Replacement for Convertible Notes. Parent comment

Re:Announcing the Safe, a Replacement for Convertible Notes by andrewfong on Friday December 06, 2013 @02:50PM (#6863263)
Note that this isn't unique to SAFE. If you're using a standard Clerky / YC note, the debt will convert into a mix of preferred and common to ensure there's no extra liquidation preference.
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Re:Announcing the Safe, a Replacement for Convertible Notes by clevy on Friday December 06, 2013 @02:52PM (#6863284)
Correct - the notes had this feature too, except that rather than shadow preferred, it was the preferred / common "unit" concept. The net result was the same.
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