Sam, thank you for taking some time to answer our questions. Mark Suster and other VCs have recently expressed distaste for convertible notes and SAFEs. Are you still in favor of SAFEs? In general, what are your thoughts on seeking seed funding for super early stage startups when determining a valuation might be problematic?
I think SAFEs are good. I think uncapped SAFEs/convertible notes are very bad and misalign founders and investors--they punish early investors for helping the company to be worth more.
