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psa: sAFE vs convertible note comparison

Started by ForensicAcct_30 · Jan 12, 2025 · 994 views · 5 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
FO
ForensicAcct_30 OP

Looking for advice on a legal issue. Here's what happened.

SAFE vs convertible note comparison. I've been dealing with this for about 11 weeks now and the situation isn't improving.

I have already done some research online but the other party is not cooperating.

What are the risks if I pursue this? What's the likely timeline?

PA
practical_advice_18

NAL, but from what I've read, you should document everything. Your mileage may vary depending on the specifics.

ST
startuplife_13

Not a lawyer, but I have direct experience with this.

What worked for me was having everything documented. It took 3-6 months but was worth it.

SO
sustained_overruled

Not surprised at all tbh.

I ended up having everything documented, which cost about $3-6 but saved me a lot more in the long run.

SF
so_frustrated_rn_31

Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.

BA
beyond_a_doubt_18

Following this thread — Subscribing to this thread. In a similar spot.