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Y Combinator’s safes spread – L.A. accelerator is now issuing them

58 点作者 nehalm超过 11 年前

7 条评论

ChuckMcM超过 11 年前
This is pretty neat, the whole concept of &#x27;open legal&#x27; is fascinating to me. For years it seems Lawyer&#x27;s were like machinists of old, carrying around their own special sauce of document [1]. Now quality, vetted, legal documents are pretty straight forward to come by. This is pretty cool in my opinion.<p>[1] This was the root of a long running joke in Intolerable Cruelty referring to the &#x27;Massey Prenup&#x27; -- <a href="http://www.imdb.com/title/tt0138524/" rel="nofollow">http:&#x2F;&#x2F;www.imdb.com&#x2F;title&#x2F;tt0138524&#x2F;</a>
rhc2104超过 11 年前
I have a question about the SAFE.<p>SAFE holders don&#x27;t seem to have the right to veto dividends. Shouldn&#x27;t they have that right? What stops a company from issuing SAFEs, making a big dividend, and letting the company&#x27;s shell fold?
steeve超过 11 年前
Chiming in to say that SAFE has been &quot;ported&quot; to France thanks to the awesome folks at TheFamily, it&#x27;s called AIR: <a href="http://www.meetair.co/" rel="nofollow">http:&#x2F;&#x2F;www.meetair.co&#x2F;</a>
codezero超过 11 年前
Is there anywhere that discusses&#x2F;describes SAFE and its benefits&#x2F;trade-offs in detail?
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minimax超过 11 年前
Is &quot;SAFE note&quot; a valid way of referring to a SAFE security? If it&#x27;s not a debt instrument, it seems weird to call it a &quot;note.&quot; It almost sounds more like an equity option (i.e. investors are buying the right to buy a certain amount of equity at a set price in the future).
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timdorr超过 11 年前
I know of at least one Atlanta-based accelerator that is using them too. They seem to be fairly sound and better than other financial docs.
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memossy超过 11 年前
What discounts are SAFEs going to be issued at? Assuming no caps yet?