How a Business Hired a Lawyer to Review a SAFE Note in Arizona (February 2024)

In 2024, a business in Arizona sought assistance with reviewing a SAFE note as part of its startup operations. The client needed to understand potential risks associated with their investment structure, particularly concerning valuation caps, most-favored-nation clauses, and liquidity events. With the startup still in its early stages and yet to generate revenue, identifying these risks was essential for informed decision-making. As a result, the client received six proposals from licensed lawyers, with flat fee bids ranging from $299 to $900, all submitted to meet the requested deadline of less than a week.