How an Information Technology & Services Business Hired a Lawyer to Draft a SAFE Note in California (December 2021)

In 2021, a business in California sought assistance in drafting a SAFE Agreement to facilitate an investment into its newly formed U.S. company. The client was poised to launch an innovative app and platform that connects student entrepreneurs with essential resources and support for their startup journeys. With a significant investment offer already on the table and potential interest from additional investors, the client aimed to establish the appropriate legal framework for the investment, ensuring alignment between the U.S. and UK entities. As a result, the client received three proposals from qualified attorneys, with flat fee bids ranging from $499 to $900, all submitted to meet the client’s urgent deadline of less than one week.