SAFE
2 statements across 1 episodes · 1 bullish · 1 bearish · 1 people on the record · first statement Jun 14, 2019 by Scott Kupor · across every show →
Everything said about SAFE, oldest first
Jun 14, 2019 positive
Series Seed offers SAFE efficiency with priced round cap-table clarity
“I think you can accomplish the same efficiency goals with there's a thing called series seed, which is a very, very lightweight way of doing an equity deal. So, you know, I just would encourage entrepreneurs to make sure if they go that route, they really do p…”
Jun 14, 2019 negative
Rolling SAFEs cause founders to accidentally over-dilute their equity
“In some respects, because number one, it's so easy to raise money on a safe, you often find people do what are called rolling closes, which is, you know, usually on a priced round, we're like, this is your date, right? Get your money in by June 30th or else yo…”