How a Sports Business Hired a Lawyer to Draft a SAFE Note in Massachusetts (August 2023)

In 2023, a business in Massachusetts sought assistance with drafting a SAFE note to facilitate fundraising for a software product aimed at Pickleball players. The client required a well-structured document and support for any revisions suggested by potential investors, with a target amount for fundraising set between $1 million and $2 million. Establishing clear terms for the SAFE note was also a key priority as the client aimed to successfully close this round of financing by the end of October. As a result, the client received eight proposals from licensed attorneys, with flat fee bids ranging from $395 to $3,500, all submitted to meet the client's deadline of over a week.