Much less than it used to now that YCombinator has popularized the SAFE as an early stage investment vehicle.
Traditionally a startup would gather commitments from investors, then close the round all at once. Everyone would wire funds at the same time and receive equity or notes together. Now it is common to accept investments on a rolling basis. So often, as in our case, it means we have accepted some investment but are still open to additional investors participating under the same terms / structure.
Much less than it used to now that YCombinator has popularized the SAFE as an early stage investment vehicle.
Traditionally a startup would gather commitments from investors, then close the round all at once. Everyone would wire funds at the same time and receive equity or notes together. Now it is common to accept investments on a rolling basis. So often, as in our case, it means we have accepted some investment but are still open to additional investors participating under the same terms / structure.