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Cap Table Question — YC SAFE note terms review

Started by desperate_seller_2022 · Mar 30, 2025 · 2,333 views · 21 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
DS
desperate_seller_2022 OP

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

YC SAFE note terms review. I've been dealing with this for about 6 months now and the situation isn't improving.

I have already consulted briefly with a lawyer but the other party is not cooperating.

What are my legal options here? Is it worth pursuing?

CE
confused_employee_2025

I had a similar issue and ended up consulting with an attorney. It was worth the $200-300 for the initial consultation just to understand my rights.

TL
Mod_TermsLaw Moderator

Attorney here. Here's my take on the legal issues.

Based on what you've described, you likely have a viable claim under the relevant statute. The standard is whether a reasonable person would find the conduct actionable.

One important thing — there are strict deadlines for filing these claims. Don't wait too long.

CH
confused_homeowner_help

This happened to me too. Have you tried filing a complaint with the relevant agency? In my case they investigated and it got resolved without needing a lawyer.

RE
RemoteWorker_EU

I've dealt with this before.

The biggest mistake people make in this situation is escalating to a supervisor/manager. I'd recommend following the formal complaint procedure instead.

AI
anon_investor_CO

This happened to me too. Have you tried filing a complaint with the relevant agency? In my case they investigated and it got resolved without needing a lawyer.

FK
FreelancerKate

I went through almost the exact same thing.

What worked for me was escalating to a supervisor/manager. It took 1-3 months but was worth it.

FT
first_time_renter_NC

Following this thread — I'm in a very similar situation. Would love to hear how it turns out.

NH
need_help_contractor_today

This happened to me too. Have you tried filing a complaint with the relevant agency? In my case they investigated and it got resolved without needing a lawyer.

DB
desperate_buyer_OH

This happened to me too. Have you tried filing a complaint with the relevant agency? In my case they investigated and it got resolved without needing a lawyer.

AR
anon_renter_WA

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.

SA
seeking_advice_dev_question

Have you tried reaching out to your state's bar association? They sometimes have free resources or mediation services.

MA
MusicProducer_ATL

I've seen this play out several times in my field.

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

CT
CryptoTrader_2023

I went through almost the exact same thing.

I ended up escalating to a supervisor/manager, which cost about $1-3 but saved me a lot more in the long run.

CA
ConsumerAdvocate

Been there. Here's what I learned.

In my case, it took about 1-3 months to resolve. The key was escalating to a supervisor/manager.

HC
HRManager_Chicago

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

What worked for me was escalating to a supervisor/manager. It took 1-3 months but was worth it.

FB
frustrated_business_owner_2022

NAL, but from what I've read, you should check your state's specific laws. That said, definitely get a lawyer to look at the specifics.

TW
throwaway_worker_2023

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.

HM
help_me_student_legal

Following this thread — I'm in a very similar situation. Would love to hear how it turns out.

AT
anon_tenant_MA

NAL, but from what I've read, you should document everything. That said, definitely get a lawyer to look at the specifics.

DS
desperate_student_today

This happened to me too. Have you tried filing a complaint with the relevant agency? In my case they investigated and it got resolved without needing a lawyer.

EA
EstatePlanner_AZ

I've seen this play out several times in my field.

I ended up filing with the appropriate government agency, which cost about $4-8 but saved me a lot more in the long run.

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