How a Business Hired a Lawyer to Draft a SAFE Note in Pennsylvania (March 2024)

In 2024, a business in Pennsylvania sought assistance with drafting a SAFE note to facilitate their fundraising efforts. The client, operating a peer-to-peer marketplace startup, needed help structuring an agreement that could serve as a template for raising $500,000 in funds. This was their first attempt at raising capital, and they emphasized the importance of having a well-organized document to appeal to potential investors. As a result, the client received seven proposals from licensed lawyers, with flat fee bids ranging from $249 to $1,900, all submitted to complete the work within the requested deadline of less than one week.