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Ask TIA · · 1 min readAsk TIA: Should I skip a pre-seed investor who doesn’t want to use SAFE?
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Hey TIA community, here’s a question from an anonymous reader:
“Should I skip a pre-seed investor who wants to invest but does not want to use SAFE?”
Developed by Y Combinator, the simple agreement for future equity or SAFE is a simpler seed investment instrument as compared to convertible notes.
The SAFE is not a debt instrument, does not accrue interest, saves startups money in legal fees, and allows them to close deals with investors faster.
What do you think? Share your thoughts/advice in the comments section below!
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