I wrote this from the heart. You can ascribe whatever agenda you want to believe. But I wrote this for founders and it is based on thirty plus years of working with founders. I don't want to see them get screwed and notes screw them over a lot
I don't have any agenda or ascribe any to you. All I think is that to the untrained eye, this post comes across as founder-unfriendly.
For context, I'm a long-time fan of your writings and REALLY appreciate how much you've given to the community (with the only VC blog worth reading IMO). Just want to fully understand the issue at hand here.
Among the asserted merits of SAFE's when the came into the YC ecosystem was that it removed some of the distraction that trying not to get screwed over created for founders at 'demo day' or earlier stage companies. At the time, an investor's willingness to use a SAFE might have had an inverse correlation to their willingness to take undue advantage of unsophisticated founders.