SAFE = #1 for the Entrepreneur, not so good for the Investor because if the Founder never has a qualifying event to convert that into equity, the investor is SOL. Also it can be bad for the Entrepreneur when their company valuation was too high at the start. If the company value doesn't grow enough for the next round, they might have to do a down round. In which case, they might get fired or squeezed out from their own company. It's very tricky which is why you have to get expert advice from Forecastr.
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2dSAFE = #1 for the Entrepreneur, not so good for the Investor because if the Founder never has a qualifying event to convert that into equity, the investor is SOL. Also it can be bad for the Entrepreneur when their company valuation was too high at the start. If the company value doesn't grow enough for the next round, they might have to do a down round. In which case, they might get fired or squeezed out from their own company. It's very tricky which is why you have to get expert advice from Forecastr.