Y Combinator Introduces Safe, Its Alternative To Convertible Notes(techcrunch.com)
techcrunch.com
Y Combinator Introduces Safe, Its Alternative To Convertible Notes
http://techcrunch.com/2013/12/06/yc-safe/
2 comments
This is really interesting. My company is currently funded with convertible debt, and we have had to modify the conversion date at least three times thus far as we progressed through various twists and turns in our business model and funding structure. The SAFE mechanism would have likely alleviated a large and (unfortunately) recurring headache.
Here are the Safe documents if anyone is interested.
http://ycombinator.com/safe/