Y Combinator Startup Meadow Debuts Fundraising Tool For Cannabis Businesses

Meadow, a Y Combinator startup building software for California dispensaries, has launched an open-source fundraising document geared toward streamlining early-stage financing for cannabis businesses. 

The SAFE, of Simple Agreement for Future eEquity, is a standardized fundraising document that allows founders and investors to negotiate and enter into a financing agreement quickly, reducing the time and cost associated with fundraising.

It was first created by startup accelerator Y Combinator in 2013 and has been used by thousands of companies since. In collaboration with California legal teams, Meadow adapted Y Combinator’s original …

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