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Re:Announcing the Safe, a Replacement for Convertible Notes by wtvanhest on Friday December 06, 2013 @03:19PM (#6863509)
What about the case where the business becomes a low growth, life style business. Is there any way to force a liquidity event?
Re:Announcing the Safe, a Replacement for Convertible Notes by not_that_noob on Friday December 06, 2013 @03:40PM (#6863640)
Not that I can see. So the it's up to the parties in that eventuality to work things out.
Re:Announcing the Safe, a Replacement for Convertible Notes by jedberg on Friday December 06, 2013 @04:18PM (#6863854)
> So the it's up to the parties in that eventuality to work things out.

That's usually a bad way to make a legal contract. As an investor I'd want something a little more definitive.