Have we reached a tipping point with SAFEs? | David Willbrand (Chief Legal Officer, Pacaso)

The Data Minute

In this episode of The Data Minute, Peter Walker (Head of Insights at Carta) is joined by David Willbrand (Chief Legal Officer, Pacaso) for a wide-ranging conversation on fundraising with SAFEs, liquidation preferences, and the relationship between founders and lawyers.
What started as a discussion on the technical aspects of raising a SAFE, late-stage liquidation outcomes, and other fundraising topics turned into an examination of the founder/lawyer relationship with one of the world’s top experts on the subject. It’s a unique look at a partnership that you don’t want to miss.
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Chapters:
00:16 Intro
02:01 Are SAFEs properly understood?
07:41 What should founders know before a priced round?
13:30 Valuation caps and discounts
20:30 How much should liquidation preferences matter?
32:02 Exploring the value of counsel to founders
41:41 The shifting perception on founder secondaries
47:09 Outro
This presentation contains general information only and eShares, Inc. dba Carta, Inc. (“Carta”) is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services, and is for informational purposes only. This presentation is not a substitute for such professional advice or services nor should it be used as a basis for any decision or action that may affect your business or interests. © 2024 eShares, Inc., dba Carta, Inc. All rights reserved.