Raising seed money can be a pain point, both for startup founders and their investors. That’s because, until recently, early investment relied on debt. And debt comes with a bushel of rules.
Orrick, Herrington & Sutcliffe partner John Bautista knew there had to be a simpler way and partnered with Y Combinator lawyers Carolynn and Jon Levy to devise SAFE, the simple agreement for future equity.
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