One lesson from 2017 Startup Catalyst Investor Mission — Primum non nocere
Steve Baxter

Steve, there are so few cases of a SAFE note’s prior use in Aus that re-inventing this particular wheel for domestic use is a challenge - the YC open-sourced template ( requires $$$ of legal effort.

Cole Wilkinson made a smart suggestion of stripping out the superfluous terms of a convertible note so it performs as a SAFE — do you have any other suggestions on how one might produce a usable document without wiping out the benefit gained by doing so in legal fees?

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