Simple Agreements for Future EquityJanuary 28th, 2021
FiledJanuary 28th, 2021Since always vi ci, this would imply that inequality (15) is violated. There is therefore an implicit obligation on the company not to issue excess SAFE notes in this way: doing so would render the company unable to meet its explicit obligations to the SAFE holders in the event of an Equity Financing.
Simple Agreements for Future EquityFebruary 24th, 2020
FiledFebruary 24th, 2020Since always vi ci, this would imply that inequality (15) is violated. There is therefore an implicit obligation on the company not to issue excess SAFE notes in this way: doing so would render the company unable to meet its explicit obligations to the SAFE holders in the event of an Equity Financing.