Free Webinar: Learn the Y Combinator SAFE

Are you curious about what this course will be like?

Sign up for a free webinar on Y Combinator's Simple Agreement for Future Equity (SAFE).

According to Carta, 89% of pre-seed and 50% of seed rounds in Q4-23 utilized SAFEs.

While the SAFE is famous for its speed and simplicity, it also presents unexpected complexities. There are three variants:

1. Valuation Cap, No Discount
2. Discount, No Valuation Cap
3. Most Favored Nation (MFN), No Valuation Cap, No Discount

When negotiating a preferred equity term sheet, it's critical to understand how the SAFE works.