What is safe money plus#
What is safe money series#

What is safe money series#

By вЂњpost-money,вЂќ we mean that safe holder ownership is measured after (post) all the safe money is accounted for - which is its own round now - but still before (pre) the new money in the priced round that converts and dilutes the safes (usually the Series A, but sometimes Series Seed). In 2018 we released the вЂњpost-moneyвЂќ safe. While safes are being used for these seed rounds, these rounds are really better considered as wholly separate financings, rather than вЂњbridgesвЂќ into later priced rounds. But early stage fundraising evolved in the years following the introduction of the original safe, and now startups are raising much larger amounts of money as a first вЂњseedвЂќ round of financing. The safe was a simple and fast way to get that first money into the company, and the concept was that holders of safes were merely early investors in that future priced round. Our first safe was a вЂњpre-moneyвЂќ safe, because at the time of its introduction, startups were raising smaller amounts of money in advance of raising a priced round of financing (typically, a Series A Preferred Stock round).

Safe: Valuation Cap, No Discount (Singapore)ДЄbout the Safe Y Combinator introduced the safe (simple agreement for future equity) in late 2013, and since then, it has been used by almost all YC startups and countless non-YC startups as the main instrument for early-stage fundraising.

Safe: Valuation Cap, No Discount (Caymans).

Safe: Valuation Cap, No Discount (Canada).

Before using any of these forms, you should consult with a lawyer licensed in the relevant country.

Safe: MFN, no Valuation Cap, no DiscountДЄs of March 2021, weвЂ™re unveiling beta versions of the вЂњValuation Cap, no DiscountвЂќ post-money safe and optional side letter for companies formed in Canada, the Caymans and Singapore.

What is safe money plus#

There are three versions of the post-money safe intended for use by US companies, plus an optional side letter. September 2018 (updated March 2021) Contents.