Brilliant... and instead of interest in dollars it's a stake in the investment. So people with no access to amazing startups can put up low interest loans to angel investors with alpha and they get equity in return
Mid, I think it will lead to more carelessness and less thought out decisions
Has to be pretty short term. Typical angel stage startup has 2 years or so of runway, so if youre funding them has to be reasonably quick. (That said immediately after a raise it mostly just sits in the co bank account, paying payroll. So 12mo BNPL might be a win win, co gets slightly better terms.)
As a founder I’ll take PNBL. Pay now, buy later. But maybe that’s what a SAFE is lol