How a Consumer Hired a Lawyer to Review a SAFE Note in New York (June 2022)

In 2022, a personal client in New York sought assistance with the review of a SAFE note contract to identify any unusual clauses or conditions that could impact their fundraising efforts. With a target investment size of $600,000, the client prioritized clarity and security in the legal documentation to ensure a smooth capital raising process. Understanding the complexities involved, they aimed to address any potential concerns before proceeding. As a result, the client received five proposals from licensed lawyers, with flat fee bids ranging from $150 to $800. All proposals were submitted to meet the client's requested deadline of less than a week, ensuring timely support for their financial endeavors.