The premise of this is that convertible notes use is on the rise, according to Carta data, but they don't provide a link.
Carta's state of pre-seed says "Safes have taken over: Investment through Safe's accounted for 80% of invested pre-seed capital" [1]
I'd like to hear NextWave account for this discrepency.
If they can't, why would I trust their legal document. Aside from all the other reasons mentioned as to how this would cause issues.
[1] https://carta.com/blog/state-of-pre-seed-fundraising-q2-2023...
The premise of this is that convertible notes use is on the rise, according to Carta data, but they don't provide a link.
Carta's state of pre-seed says "Safes have taken over: Investment through Safe's accounted for 80% of invested pre-seed capital" [1]
I'd like to hear NextWave account for this discrepency.
If they can't, why would I trust their legal document. Aside from all the other reasons mentioned as to how this would cause issues.
[1] https://carta.com/blog/state-of-pre-seed-fundraising-q2-2023...