Peer Support and Self Management Saturday’s – A Safe Place to Vent, Seek Emotional Support, Share Self Management Techniques and Experiences, or Just Rant

Welcome to this week’s Peer Support and Self Management Thread.

This is a Safe Place to Vent, Seek Emotional Support, Share Self Management Techniques and Experiences, or Just Rant.

The goal for this thread is to help one another manage mental and physical health so we can more easily find success.

We all struggle sometimes and it is important to recognize that the struggle is part of the journey. The important thing is to learn how to overcome that adversity to grow and succeed.

Be tactful and classy in how you vent your feelings and share your frustrations. Act in a mature manner.

Ask questions, share experiences, and be there for one another. Practice empathy in giving advice and remember that what worked for you isn’t guaranteed to work for others. Make suggestions, not demands of others.

#Because this is meant to be a safe place to support emotional and physical health there is a zero tolerance policy in effect. Be KIND. Be sure to report any conduct that is in violation of that key tenet.

You can also find more support using instant chat on the /r/startups discord.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Better SAFE Than Sorry? New Investing Mechanism Is Taking Israeli Startups by Storm – Algemeiner

Better SAFE Than Sorry? New Investing Mechanism Is Taking Israeli Startups by Storm  Algemeiner
“startups when:1d” – Google News

Are SAFE Notes Illegal?

Does anyone know anything about SAFE Notes being illegal?

I was pitching to three Texas angel investors this past week. The terms I'm offering are on a SAFE note. One of the investors starts asking me how I have the SAFE note accounted for in my balance sheet. I tell him as Long-Term Liabilities. He proceeds to shake his head. He starts to tell me, "Oh, no that's illegal."

I'm wise enough to know where he is trying to go with this. It all comes down to the SAFE Note vs. the Convertible Note issue. He starts to try to prove to me his point by saying from his investor's perspective on the accounting side they don't know how to handle where to put the SAFE Note in their balance sheet. Is the SAFE Note a debt? Is it equity? Truthfully, I really don't care about how he handles his accounting on his side of the deal but being that I'm pitching for his money, I quietly hear him out. When he is done I tell him that the SAFE Note and Convertible Note are similar but the Convertible Note is interest-bearing with a maturity date while the SAFE Note is not. So, I agree that a SAFE Note is not what is considered as a traditional debt instrument but a promissory note for future equity. He was shaking his head the whole time I was giving my explanation. I then ask him a simple question, "Are you an investor, or are you a lender?" He talked over that question and never gave me an answer.

I know that it is to the advantage of the founder to raise on a SAFE Note and it is to the advantage of the investor to raise on a Convertible Note. It provides the investor better protections on the Convertible Note that the SAFE Note doesn't provide them. For instance, if the Convertible Note reaches it's maturity date before reaching the conversion terms, then the investor has a lot of power and leverage over the startup. They can call the note to be due and if you don't have the full amount plus interest to pay back they can bankrupt the startup and there would be nothing you as a founder can do about it. If they want to continue working with you they can extend the maturity date but can leverage this opportunity for better terms to their advantage. The terms that I offered as a founder are to best protect my investment and interest.

But this was the first time I have ever heard that SAFE Notes were illegal. It doesn't make any sense to me because we are using the same standard documents that Y Combinator has been using for their startups which have raised hundreds of millions of dollars on these SAFE Notes. These YC companies have moved on to raise Series A, B, C rounds of priced equity funding and been successfully acquired by larger companies with not a single issue on SAFE Notes being illegal. To tell me what they have been doing all this time is illegal is very hard for me to believe. I've even Googled "Are SAFE Notes illegal" and get no results back.

Ultimately, I hear him out on why he believes it is illegal. Then when he is done just simply tell them if you are truly interested in investing in my startup then I believe we can all come to an agreement on the terms. Then we left it like that.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Peer Support and Self Management Saturday’s – A Safe Place to Vent, Seek Emotional Support, Share Self Management Techniques and Experiences, or Just Rant

Welcome to this week’s Peer Support and Self Management Thread.

This is a Safe Place to Vent, Seek Emotional Support, Share Self Management Techniques and Experiences, or Just Rant.

The goal for this thread is to help one another manage mental and physical health so we can more easily find success.

We all struggle sometimes and it is important to recognize that the struggle is part of the journey. The important thing is to learn how to overcome that adversity to grow and succeed.

Be tactful and classy in how you vent your feelings and share your frustrations. Act in a mature manner.

Ask questions, share experiences, and be there for one another. Practice empathy in giving advice and remember that what worked for you isn’t guaranteed to work for others. Make suggestions, not demands of others.

#Because this is meant to be a safe place to support emotional and physical health there is a zero tolerance policy in effect. Be KIND. Be sure to report any conduct that is in violation of that key tenet.

You can also find more support using instant chat on the /r/startups discord.

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[link] [comments]
Startups – Rapid Growth and Innovation is in Our Very Nature!

Silicon Valley startup’s AI tracks whether people keeping safe distance in offices, warehouses, schools – KTLA

Silicon Valley startup’s AI tracks whether people keeping safe distance in offices, warehouses, schools  KTLA
“startups when:1d” – Google News