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Companies that are accepted into the Startmate program are given $75,000 in exchange for 7.5% equity on the terms of a SAFE note.
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A SAFE note is like a convertible note, except it's not a debt instrument, meaning that SAFE notes don't carry an obligation to pay interest.
In the first installment, we looked at the basics of SAFE notes and how they convert to equity with terms like discounts and valuation caps.
The shortcomings of SAFE notes (simple agreement for future equity) are coming home to roost; ironically, entrepreneurs are paying the price.
Henry Yanney of Soul Culture labeled it a safe collaboration, noting it as a revival of Timbaland and Timberlake's "successful chemistry".
Minutes of the Volcano Watch group's annual meeting, held in New Zealand in 2007, note: "There is no definition of a safe concentration of ash for different aircraft..
He noted that in the past Ukraine has been something of a "safe haven" for bot herders.
It was noted that ice conditions were unstable, precluding the establishment of a safe base there.
While this was seen as a suggestion of a "safer reporting environment", the audit noted there was still a stigma attached to making complaints under the current system.
But it stopped short of declaring that e-cigarettes are safe, noting there are no long-term scientific studies of the devices' addictive potential or their effects on the heart, lungs or on reproduction.
The Bruesewitzes also note that "unavoidable," a legal term of art, entails a specialized legal meaning relating directly to the existence of a safer alternative design.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com