How a Fitness Business Hired a Lawyer to Review a SAFE Note in California (July 2022)

In 2022, a business in California sought assistance with the review of a SAFE note as part of a significant fundraising effort targeting a $10 million investment. The client aimed to clarify the key questions to ask potential investors and understand the necessary access to financial information to facilitate this fundraising process. Given the complexities involved in such transactions, it was crucial for the client to approach the review with a clear strategy to ensure compliance and alignment with their financial goals. As a result, the client received three proposals from licensed lawyers, with flat fee bids ranging from $295 to $800, all submitted to complete the work within the requested deadline of less than one week.