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 ...
You finally have investor interest. A couple of angels like the idea, one says “We usually do SAFEs,” another asks if you’re open to a convertible note, and suddenly you’re deep in legal blog posts at ...
Our early-stage start-up clients often ask us about the difference between convertible notes and Simple Agreements for Future Equity (SAFEs). Each provides a way for companies to raise capital without ...
Conversion may occur earlier if a certain event occurs. This event, as with a SAFE (simple agreement for future equity), is usually referred to as the equity financing round. In the venture world, ...
When startups seek early stage funding, they often turn to instruments like SAFE notes (Simple Agreements for Future Equity). SAFE notes are a form of convertible security representing an investment ...