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Understanding capital calls, one-off SAFEs + Transaera CTO Ross Bonner | E1605
This Week in Startups
Can You Spin Up a Safe Note for You?
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In some cases, like it seems like a way to let an investor into a round that's already closed. If they're having headwinds against the price round, start the note and you just do a rolling note. You can leave those notes open for a year if your board lets you. It's not the best hygiene for most VCs. They like to close it quick. But we're in a different world now. Now people aren't thinking about markups,. Because markups people are like over them. No, we're into survival mode. We want this company to survive. Yeah. So any money in is good; I'm telling a lot of founders. Hey Jay
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