Looking for advice on this situation. How Do I Verify Accredited Investor Status for My Reg D Offering? Is this as bad as I think?
Details: I'm in a situation where I need to understand my legal options. Has anyone dealt with something similar?
At the seed stage, simplicity wins. SAFEs are simpler than convertible notes (no maturity date, no interest). But some investors prefer the forced conversion mechanic of a note. Know your leverage.
Update: Thanks everyone for the guidance. I consulted with an attorney and we're moving forward. The advice here helped me understand what questions to ask and what to expect. Will update when there's a resolution.
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