Walker: Post-money SAFEs primarily serve investors, not founders
Peter Walker · Q2 Early-Stage Venture Report w/ Carta’s Head of Insights: Valuations, Round Sizes, Graduation Ra... · PMF Show · Aug 22, 2024 · at 8:40
Peter Walker, Head of Insights at Carta, discusses why the standardized post-money SAFE instrument created by Y Combinator is disadvantageous to startup founders compared to pre-money SAFEs.
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“The switch from pre to post money was not a founder friendly thing. YC sometimes makes it sound as though that was in service of founders, and you can make some case that it is more transparent, it's more certainty, et cetera, but that is primarily in service of investors.”
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