Re:Y Combinator’s safes spread – L.A. accelerator is now iss...
by rhc2104 on Wednesday January 08, 2014 @04:11PM
(#7026670)
I have a question about the SAFE.
SAFE holders don't seem to have the right to veto dividends. Shouldn't they have that right? What stops a company from issuing SAFEs, making a big dividend, and letting the company's shell fold?
SAFE holders don't seem to have the right to veto dividends. Shouldn't they have that right? What stops a company from issuing SAFEs, making a big dividend, and letting the company's shell fold?