SAFE Note Question — VC demanding 2x liquidation preference

I'm in a difficult situation and trying to figure out my next steps.

VC demanding 2x liquidation preference. I've been dealing with this for about 13 months now and the situation isn't improving.

I have already done some research online but the other party is not cooperating.

Should I hire a lawyer for this or try to handle it myself?

NAL, but from what I've read, you should check your state's specific laws. That said, definitely get a lawyer to look at the specifics.

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

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

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.

I practice in this area. Here's my take on the legal issues.

The key question is whether the applicable statute of limitations has run. Depending on your jurisdiction, you typically have the relevant statute years for this type of claim.

The practical consideration here is cost vs. potential recovery. For disputes under $10K, small claims court is often the best route.

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.

I've dealt with this before.

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

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.