Private members-only forum

Cap Table Question — YC SAFE note terms review

Started by midnight_thoughts_22 · May 9, 2024 · 3,888 views · 2 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
MT
midnight_thoughts_22 OP

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?

AI
adulting_is_hard_12

I went through almost teh exact same thing.

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

VE
vicky_evict_16

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.