[HN Gopher] What Happened to Safe: Valuation Cap and Discount?
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       What Happened to Safe: Valuation Cap and Discount?
        
       Author : baritoneparrot
       Score  : 41 points
       Date   : 2021-09-21 20:27 UTC (2 hours ago)
        
 (HTM) web link (www.ycombinator.com)
 (TXT) w3m dump (www.ycombinator.com)
        
       | nathancahill wrote:
       | On the web archive:
       | https://web.archive.org/web/20210813113351/https://www.ycomb...
       | 
       | Link to the Cap Discount:
       | https://web.archive.org/web/20210813113351mp_/https://www.yc...
       | 
       | For whatever reason, removed between Aug 13 and Aug 26.
        
         | baritoneparrot wrote:
         | Yes, I have a copy of it, but I'm wondering if YC is no longer
         | 'supporting' the document.
         | 
         | In addition, the document itself includes the language:
         | 
         | "This Safe is one of the forms available at
         | http://ycombinator.com/documents and the Company and the
         | Investor agree that neither one has modified the form, except
         | to fill in blanks and bracketed terms."
         | 
         | Which is no longer true.
        
       | jakozaur wrote:
       | I wonder why there is Canada, Cayman and Singapore version.
       | 
       | I thought YC requires Delaware C Corp and it is gold standard for
       | startups, has something change?
        
         | jdoliner wrote:
         | I think no US companies aren't required to be C Corps. That
         | wouldn't make a ton of sense for them if they're planning to
         | operate largely outside of the US.
        
           | PeterisP wrote:
           | I believe their system for non-US companies was to require
           | that the actual (non-US) company is 100% owned by a Delaware
           | corp, so the company operations and assets are legally
           | "local" but all the relationships between founders,
           | ycombinator and other shareholders are handled under Delaware
           | law and contracts.
        
         | pedalpete wrote:
         | Delaware is the gold standard, and I believe they prefer a
         | Delaware C, but business friendly tax havens, and I believe
         | many VCs are now able to invest in companies registered there.
         | I think the Canada thing is just due to the number of Canadian
         | companies that have gone through YC, but I could be wrong.
        
       | tptacek wrote:
       | You're asked by the guidelines not to do this thing with titles.
       | If you want your own title for someone else's article, write a
       | short blog post referencing the original and take your chances
       | submitting that.
       | 
       | Titles are community property. Your question belongs in a
       | comment, not the title.
       | 
       | The proper title for this post is "Safe Financing Documents".
        
         | cperciva wrote:
         | I think the title is correct but it should be a self post with
         | the link in the text. They're trying to ask a question, not
         | trying to introduce people to the safe financing documents.
        
         | akkartik wrote:
         | It should be a text post with the contents of
         | https://news.ycombinator.com/item?id=28609506 rather than a
         | link.
        
       | baritoneparrot wrote:
       | It was available at https://www.ycombinator.com/documents/ until
       | sometime between August 13, 2021 and August 19, 2021. The text
       | above suggests that there should still be four documents, but now
       | only three are shown.
        
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       (page generated 2021-09-21 23:01 UTC)