You Bought a SAFE. Who's Protecting Your QSBS?
Angels investing on SAFEs are the most QSBS-exposed investors on the cap table and the least protected. A one-page side letter with an annual certification fixes it.
Angels investing on SAFEs are the most QSBS-exposed investors on the cap table and the least protected. A one-page side letter with an annual certification fixes it.
The NVCA venture forms address Section 1202 at closing and then go silent. Several core QSBS requirements are continuous tests, not issuance tests. The forms should require an annual certification.