Earlier this month Crowdfund Insider Contributor Robin Sosnow wrote about "Simple Agreements for Future Equity" (SAFEs) and how they were quickly becoming the investment vehicle of choice for Reg CF crowdfunding portals. In brief, SAFEs are similar to convertible debt except founders are not faced with a ticking time bomb of a maturity date when they must pay back or refinance the debt. Investors still receive the option to convert into equity at a future date and thus defer the challenges of establishing a valuation. Sosnow, an attorney, pointed to the fact that 12 out of the 40 Reg CF...
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