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 ...

SAFEs can be a powerful fundraising tool—but they also carry real risks to existing equity holders. For founders, the danger lies not in the document itself, but in misunderstanding its terms and ...

Last month, a startup’s Series A nearly fell apart when investors and founders realized their different calculation methods produced a $750,000 variance. The culprit was not deception or bad faith, ...

You’re a few months into building. You have early users, a half-working product, and one investor asking for your “valuation expectations.” You have no idea what to say. A friend tells you to “just ...

A SAFE — or Simple Agreement for Future Equity — is a financial instrument that was first introduced by Y Combinator in 2013. Since that time, SAFEs have become the most common instruments used in ...