Members-only forum — Email to join

Convertible Note Issue — SAFE vs convertible note comparison

Started by seeking_advice_renter_2024 · Mar 6, 2025 · 2,126 views · 23 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
SA
seeking_advice_renter_2024 OP

Quick background on my situation — any input appreciated.

SAFE vs convertible note comparison. I've been dealing with this for about 13 weeks now and the situation isn't improving.

I have already tried to resolve this directly but the other party is not cooperating.

Do I have a strong case? What should my next steps be?

CM
ContractorMike_CA

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

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

DC
desperate_contractor_legal

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

NH
need_help_dev_NC

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

TA
TenantRights_Advocate

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.

DC
desperate_contractor_CO

I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.

PB
PatentAgent_Boston

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

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

AE
anon_employee_NC

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.

TS
throwaway_seller_2023

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.

There are several legal theories that could apply here. The strongest is probably the relevant statute, which requires showing actionable.

Before taking legal action, consider sending a formal demand letter. In many cases, this alone resolves the issue.

HC
HRManager_Chicago

Been there. Here's what I learned.

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

SM
SeniorDevMike_PDX

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

I ended up hiring an attorney to send the initial letter, which cost about $2-4 but saved me a lot more in the long run.

OD
OpenSourceLawyer_Dan

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.

FT
first_time_buyer_CA

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

AS
anon_student_MA

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

HM
help_me_investor_2025

I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.

PB
PatentAgent_Boston

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

The biggest mistake people make in this situation is hiring an attorney to send the initial letter. I'd recommend being patient with the process instead.

VA
VCAnalyst_SF

I've dealt with this before.

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

TT
throwaway_tenant_2024

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.

NR
NurseUnion_Rep

Been there. Here's what I learned.

The biggest mistake people make in this situation is having everything documented. I'd recommend keeping a detailed timeline instead.

ES
eComm_Seller_2022

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

In my case, it took about 3-6 months to resolve. The key was having everything documented.

NH
newbie_homeowner_WA

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.

HC
HRManager_Chicago

Been there. Here's what I learned.

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

CM
ContractorMike_CA

I've dealt with this before.

I ended up hiring an attorney to send the initial letter, which cost about $2-4 but saved me a lot more in the long run.

Want to participate in this discussion?

Email owner@terms.law to request access