Early-stage companies often rely on Simple Agreements for Future Equity (SAFEs) and convertible promissory notes to raise capital either prior to a company's first priced preferred equity round, or to ...

SAFE rounds, or simple agreements for future equity, have been around since Y Combinator invented them a decade ago. But they took on a different role in 2021 when they became a fast-moving tool that ...

A first-principles guide to SAFEs, Convertible Notes, and Priced Rounds, including its operating chain, economics, authoritative records, failure modes, and the evidence investors or operators should ...

You have a strategic plan; You have an MVP; You have a Team; and You have an Investor! Both you and the Investor believe in the potential of the Entity. What the exact “potential” is, however, still a ...

The first allows a founder to gain clarity on their company’s worth and the division of ownership. But if a founder is looking for more flexibility, a convertible or SAFE note could be the way to go.