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Punitive liquidation preferences return to VC — don’t do it
Boards of directors considering these types of financings need to understand that they are creating misalignments and raising serious fiduciary duty issues.
11:42 am PDT • April 15, 2020
The shortcomings of SAFE notes are coming home to roost; ironically, entrepreneurs are paying the price. Y Combinator invented the notes with a noble goal: “we intend the SAFE to remain fair…
