For those of you who are running Aussie startups we don't have any equivalent of the YC SAFE. We are stuck with pricing rounds even at the seed stage which wastes a huge amount of everyone's time.
I actually tried to get some lawyers here in Australia to convert over the YC SAFE agreements to Australian law and I could not find one. Apparently the big blocking point is none of the law firms wanted to take responsibility for the legal liability. This is one area where our "innovation" government could get involved to sort out.
I actually tried to get some lawyers here in Australia to convert over the YC SAFE agreements to Australian law and I could not find one. Apparently the big blocking point is none of the law firms wanted to take responsibility for the legal liability. This is one area where our "innovation" government could get involved to sort out.