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jwb119
on Dec 6, 2013
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Announcing the Safe, a Replacement for Convertible...
Just like a convertible note, as soon as there is an equity financing the Safe would just "convert" into a class of preferred stock. So you wouldn't have the valuation problem after you do a first financing, if I understand correctly.
Consider applying for YC's Spring batch! Applications are open till Feb 11.
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