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This content was originally published by Forbes Magazine. Original publishers retain all rights. It appears here for a limited time before automated archiving. By Forbes Magazine
It’s easier, faster & cheaper to close funding using Convertible Notes & SAFEs (as compared to a “priced round” in which your startup or growth company issues preferred stock) but SAFEs & Notes also entitle VCs to very heavy duty “Price Protection.” Founders may regret not having priced the round.