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I think it implies that they intend to take VC money at some point in the future, like a series A, and they’re trying to avoid VC money now while they can get better terms. I don’t know if that necessarily means they plan an exit, or if they’d be happy just being profitable, but I do think it implies they plan to grow significantly.

EDIT: Their website says that they don’t plan to take VC money, so I have no idea what a SAFE means in this case. The point of a SAFE is that the investor is guaranteed the best terms when a priced round of investment happens.

Other options include going public or paying out dividends.

Going public is a qualified event for a SAFE to convert -- it is a financing -- but curious about the dividends

SAFEs are often capped, so taking awhile doesn't matter so much, except maybe interest calcs

If a company is doing sustainably well, supposedly you could have a mutually agreeable mechanism to convert SAFEs to equity (at cap for example) and treat shaleholders with dividends.

Is this some sort of hack towards a co-op? I couldn't find anything about it on their website