jmanooch

[I mean the advisor's comments don't make sense, the SAFE makes good sense.]

SAFE not signed yet, but thanks.

I've read the SAFE and don't think it makes sense, since the SAFE is clearly its own term sheet. But the advisor I think IS being lazy by not reading it, and just wants a summary for investors.

He is very senior and not amateurish, I think the issue is he does not like SAFEs (says they are not SEC-tested) and thus I think won't read them, and thinks any deal of any sort without a summary term sheet is not 'serious'.

Thanks.

I think that's the thing. Thank you.

Everyone who says we are in a bubble should come up with a systematically better way to allocate capital.

Otherwise: shut up and fuck off.

Because for all the hullaballoo about poor allocation in X or Y [Combinator] or Z company being correct, the broader premise, that the market is working out good things to do with money, is clearly somewhat proven by Silicon Valley's last decade of spend: cheap, connected, actually smart smartphones; electric cars becoming affordable; affordable re-useable rockets. All of which are vastly humanly benign, as well as good ways to make money (not all of which do, but some do, i.e. phones).

So, pony up, or fuck the fuck off.