SAFEs are not bad for entrepreneurs, they're bad for investors.

I won't make one anymore.

I've done two deals that involved a SAFE, and it's been almost 2 years and the companies are still looking to raise a round. If they do, I'm looking at a 10-20% return.

It's not worth it for the risk.

Indeed, at least convertible notes are debt and can be seen you're in a liquidation. A SAFE doesn't even give you that.