In this live stream we answer questions about the SAFE - the Simple Agreement for Future Equity. The SAFE is a very popular startup funding vehicle. Unlike the original pre-money SAFE, the 2018 post-money SAFE uses a post-money valuation cap. Both versions can (but don't always) result in the SAFE investor receiving SAFE Preferred shares upon the equity conversion. These are very similar to standard preferred shares, but with differences in liquidation preference (we show a simple liquidation preference example using a 1x participating liquidation preference), conversion price, and dividend terms.
Q&A: Pre-money and Post-money SAFE
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startupentrepreneurstartup fundingsimple agreement for future equitysimple agreement for future equity exampleconvertible notevaluation capconvertible securitysafe agreementsafe agreement valuation capconvertible securitiespro-rata rightsmost favored nationliquidation preferenceparticipation rightspre money valuationpost money valuationpost money safecap tableliquidation preference examplefounder dilutionpre-money safe
