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SAFE Note Question — equity crowdfunding portal comparison

Started by seeking_advice_worker_GA · Mar 22, 2025 · 1,098 views · 5 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_worker_GA OP

I'm dealing with a situation and need some guidance.

equity crowdfunding portal comparison. I've been dealing with this for about 14 months now and the situation isn't improving.

I have already consulted briefly with a lawyer but got conflicting advice.

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

AD
anon_dev_MA

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.

GL
GigWorker_LA

Been there. Here's what I learned.

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.

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.

You should consult with a local attorney who handles these cases. Many offer free initial consultations.

ES
eComm_Seller_2022

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.

TR
TruckerRights_OH

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

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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