Cap Table Question — YC SAFE note terms review

I publish illustrative scenarios prepared by my practice. All participants and conversations are fictional. The fictional posts are not posts by real users, accounts of client experiences, or reports of actual results.

Illustrative scenario prepared by my practice.

For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.

Hypothetical question

Quick background on my situation — any input appreciated ngl.

YC SAFE note terms review. I've been dealing with this for about 15 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?

Illustrative response

I've formed companies in both Delaware and Wyoming. For a small business with no outside investors, Wyoming is usually better — no state income tax, no franchise tax, and strong privacy protections.

Cap Table Question — YC SAFE note terms review

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