21–30 of 168 posts
I'm not sure if this feature request makes sense: also enabling having an option pool created at the SAFE round. I've had a situation where a lead investor requested an option pool created as part of a pre-seed round on SAFEs.
thanks for the suggestion! we had the same thing happen as well. although it's not very standard I think in the case of safes. a dirty way now would be to do "Resere/give options" before the safe.
Bootstrapping a business with my savings to retain full control is both the wisest and hardest thing I’ve done. I don’t understand why people are so quick to start giving up control out of the gate for software companies. Servers are cheap, it’s not like in say, manufacturing where you need a factory. You’re gonna let some VC bro tell you what to do for a SaaS product? Why exactly? Just go to market on the cheap. I’v…
This also assumes you have the skills required to get your business to the point where it’s self-sustaining.
I sold my biz for 16B then went back and deleted the funding rounds and founders. I made 16B. I like this.
Edit: "You get $InfinityB" I think I won.
https://www.fundingsimulator.com/?data=EL%2BVcsg%3B%3BYou%2C...
Earlier quoted context omitted.
It works as long as you don't have funded competition. Especially if they start giving away the thing that you charge for. Then you need to have deep pockets to wait it out.
Therein lies the rub, but if you are turning a small, but real profit, and you then need a cash infusion you’ll retain far more control if you already have proved you can make money.