Local Lawyer Posts SAFE Update, Sees More Favorable Terms

In December of 2013, local startup lawyer Ryan Roberts (Disclaimer: Ryan is an stakeholder in Launch DFW, LLC.) wrote a piece titled: “Safe and Sound? A Primer on the New YC Docs.” It detailed his thoughts on the SAFE financing documents released by seed accelerator Y Combinator.

His conclusion in was that the SAFE documents might be too favorable to the Startup, and would see little adoption in the Dallas/Fort Worth area. In 2013, that may have been true. But today says Roberts on a recent blog post, “I am pleased to say that I am seeing a change, and some deals are getting done with SAFEs.”

Recently, local prominent investors in DFW have invested using SAFE docs. This is something that never would have happened two years ago when I wrote the “Safe and Sound” article. Two years ago we were still somewhat having to convince local investors of the convertible note investment structure.

Read the rest of the update here: DFW Startup Community SAFE Update.

  • Michael Sitarzewski is the Publisher of Launch DFW, co-founder and CEO of Epic Playground, Inc., makers of inboundgeo. He is a veteran entrepreneur (and a TechStars Cloud alum) with a specific focus on Web-based software and services. Sitarzewski has been a part of the internet startup culture since 1994 and has had two exits along the way. After a seven years in the Boulder, Colorado startup community, Michael returned to Dallas, Texas, in 2013 where he’s focused on growing and increasing the visibility of the burgeoning Dallas startup community. He is the EIR at The DEC, a mentor in the RevTech accelerator, and leads several events in the Dallas area. Sitarzewski considers helping people understand and leverage technology his life's work.

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