Transactions
Dec. 7, 2016
Investing in startups: Is it SAFE to KISS?
SAFEs ("Simple Agreement for Future Equity") and KISSs ("Keep It Simple Security") are investment securities which, like convertible notes, automatically convert into equity when the issuer later completes a preferred stock financing. By Stephen I. Halper
Two of your clients, both successful in brick-and-mortar businesses, ask for your advice on proposed investments in startups whose software, they believe, may revolutionize their industries. One sends you an agreement labeled "SAFE," the other sends one called "KISS." Each also sends a letter from the founder, urging a quick response, with assurances that the form and content of the agreements are standardized and blessed by p...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In