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SAFE Note Question — bootstrapped to funded transition

Started by CryptoTrader_2023 · Mar 19, 2024 · 1,845 views · 12 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
CT
CryptoTrader_2023 OP

Has anyone dealt with something like this? I'm not sure what my options are.

bootstrapped to funded transition. I've been dealing with this for about 9 weeks now and the situation isn't improving.

I have already done some research online but got conflicting advice.

Am I overthinking this or is this a real legal issue worth pursuing?

SA
seeking_advice_employee_GA

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.

DT
desperate_tenant_advice

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

WB
worried_buyer_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.

TL
Mod_TermsLaw Moderator

I specialize in this area of law. Here's my take on the legal issues.

This is a common situation and the law is fairly clear. Under the relevant statute, actionable.

I'd recommend documenting everything in writing from this point forward. Keep copies of all communications.

AF
asking_for_friend_tenant_2024

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

DF
desperate_freelancer_legal

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.

SA
seeking_advice_parent_GA

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.

CM
ContractorMike_CA

I've dealt with this before.

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.

HC
HRManager_Chicago

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

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

DN
DataPrivacy_Nerd

Been there. Here's what I learned.

What worked for me was hiring an attorney to send the initial letter. It took 2-4 months but was worth it.

HM
help_me_renter_2022

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

OD
OpenSourceLawyer_Dan

I've dealt with this before.

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

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