How a Business Hired a Lawyer to Draft a SAFE Note in Connecticut (April 2024)

In 2024, a business in Connecticut sought assistance with drafting a SAFE note to secure funding from investors for their tech startup. The client was specifically looking for a lawyer who could provide a flat fee for the project while also sharing their hourly rates for potential future work. With a target fundraising amount of $100,000 and a timeline of one month to close this financing round, the client was eager to move forward quickly. As a result, the client received 12 proposals from licensed attorneys, with flat fee bids ranging from $400 to $2,500, all submitted to complete the work with a deadline of over a week.