Under30CEO on MSN
SAFEs vs convertible note: Which is right for a pre-seed round
You finally have investor interest. A couple of angels like the idea, one says “We usually do SAFEs,” another asks if you’re ...
Under30CEO on MSN
What is a convertible note (and when founders should use one)
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 ...
Finally, it’s important to note that if there are no funds left in the startup’s account upon dissolution, convertible note holders, just like SAFE holders, will receive nothing. A side letter for ...
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 ...
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