Startup Funding
What Is a SAFE? How Y Combinator’s Startup Note Converts
Most seed money in US startups now arrives on SAFEs rather than shares. Here is how the cap, the discount and the MFN clause work, and what each side gives up.
Tag: SAFE
Startup Funding
Convertible Note vs SAFE: How the Two Startup Deals Differ
Both turn early startup checks into shares at the next priced round. One is a loan with a clock attached, the other is not. A side-by-side table and a conversion worked through.