| ||Ask HN: Does a SAFE Constitute a Term Sheet?|
5 points by jmanooch 59 days ago | hide | past | web | favorite | 8 comments |
|I have had a pretty intense disagreement with one of my advisors regarding whether the SAFE constitutes a Term Sheet. My understanding is that it does, and that it makes no sense to supply an additional / separate term sheet. Our lawyers (solid ones) indicate a term is not additionally necessary. But the advisor has dug his heels in. Sigh.|
Anyone with a call on this, esp on that is lawyer-tested?
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