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So, Carta not too long ago launched a SAFE financing software which makes it tremendous simple for founders to boost with convertibles, together with gathering signatures and gathering funds: https://carta.com/weblog/safes-now-automated-on-carta/.
They modified the YC SAFE to make it a bit extra founder-friendly and “keep away from historic pitfalls we’ve seen with different varieties obtainable out there”. This appears to be corroborated by an exterior supply: https://siliconhillslawyer.com/2021/03/08/the-carta-safe-seed-rounds/.
Nonetheless, I can not discover anyplace precisely what was modified from the YC SAFE to the Carta SAFE, and I’m not a lawyer so even when I in contrast them 5 instances I would not make certain. I’m attempting to ship out some SAFEs and might’t fairly determine which template to make use of.
Can anybody ELI5 the variations between the 2?
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