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VC Deal Negotiation | YC SAFE note terms review

Started by pm_me_legal_tips_27 · Jul 8, 2024 · 678 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.
PM
pm_me_legal_tips_27 OP

I've been trying to resolve this on my own but I'm stuck.

YC SAFE note terms review. I've been dealing with this for about 14 months 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?

LP
laura.p_3

I've dealt with this before.

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

JH
jessica_h_16

For anyone doing a Series LLC: be aware that not all states recognize them. If you're operating in a state that doesn't recognize the series structure, you might not get the liability protection you think you have.