Guide
Pre-money vs. post-money SAFEs: A founder's guide
Carta · carta.com
The single most consequential distinction, explained by the cap-table platform that sees the data.
The question it answers
Read with it
- The instrument's inventor explaining how it converts, with worked examples. ycombinator.com Guide Understanding SAFEs and priced equity rounds Y Combinator
- The canonical templates; anything an investor hands you should diff cleanly against these. ycombinator.com Guide YC Safe Financing Documents Y Combinator
- The official conversion math with sample calculations to check your own model. ycombinator.com Guide Primer for the post-money SAFE Y Combinator
- Names the cap-stacking trap that surprises founders at Series A diligence. seedlegals.com Article YC post-money SAFEs: Avoiding expensive dilution mistakes SeedLegals
- A VC lawyer's deep dive into conversion percentage details most founders never read. lawofvc.substack.com Article YC's Secret SAFE (Law of VC #32) Chris Harvey, Law of VC
-
Video
Understanding SAFE Notes: A Simple Guide for Startup Founders
Startup finance educator (YouTube)
eChai Partner Brands
The partnership →
