The Valley Current®: How “Safe” are SAFE Agreements?

Many things are happening in the face of a recession. Angel investors and VCs are tightening their belts & seed-stage startups are trying to gain traction despite a meaningless valuation. As a result, these startups are running to their financial advisors trying to figure out what their options are now. No federal, appellate, or district court have talked about what should be done with failed SAFE agreements, so should entrepreneurs just be expected to eat this dropped agreement? Today host Jack Russo asks CPA, Steve Rabin if SAFE notes can be written off and what strategies entrepreneurs should consider going forward.