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Is anyone using the new SAFE Financing Documents proposed by YC?

I just read the post on the YC blog. It's a compelling idea, and i've always thought convertible debt wasn't the best form for aligning early stage interests between labor and capital. Are any of you using this today? If you are how is it going? If you're not what have been the barriers to moving forward with it?

Here's the article for reference:

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Kate Hiscox
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Kate Hiscox Entrepreneur • Advisor
Boss at Venzee
One of the biggest benefits of convertible debt is it allows you to continue to offer equity to new recruits. So its very compelling from a labor perspective and most investors get that. I'd involve a law firm though. I know there are those templates out there but we found we needed to adjust our agreements based on a variety of reasons (location, vesting schedule etc.).
Grant Moller
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Grant Moller Entrepreneur
MBA | PMP | Certified AWS Architect | Entrepreneur
I've also been looking into using the SAFE instrument. I had a lawyer review it yesterday actually. He said they have not been involved in a litigation yet, so there isn't precedent for how they hold up. As they are written in the provided templates on YC, though, he didn't see any problems with them.
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