Very interesting! Sounds like a really good thing for YC members.
So if a company manages to get to a pre-IPO stage, will the accounting for these warrants be more complex? It sounds like trying to value one of these warrants might add some/a lot of extra work.
Just like a convertible note, as soon as there is an equity financing the Safe would just "convert" into a class of preferred stock. So you wouldn't have the valuation problem after you do a first financing, if I understand correctly.
So if a company manages to get to a pre-IPO stage, will the accounting for these warrants be more complex? It sounds like trying to value one of these warrants might add some/a lot of extra work.