🇺🇿 uzbekistan copies y combinator. SAFE is coming.
draft law dropped today. huge unlock for local angels.
how it worked (the pain):
you want to put $10k into a friend's startup.
1. convertible loan: legally, it's debt. it has a repayment date. if the startup doesn't raise big by X date, they owe you the cash back. toxic.
2. equity upfront: notary hell. you have to fight over valuation ("is this slide deck worth $1M?") before there's any revenue.
how it will work with new law (SAFE):
you sign a simple agreement for future equity.
1. no debt: no maturity date. no interest. the money just sits there.
2. future equity: you don't get shares now. you get a right to shares when they raise a priced round later.
3. velocity: wire the money, sign one doc. done.
raising angel checks just went from "legal nightmare" to "handshake speed".
foreign investors finally speak the same language as local law.
source: trend.az
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1February 4, 2026 409
