Fundraising & Investors
Valuation, SAFEs & term sheets
Understand the paper before you sign it.
What is a SAFE and how does it actually work?
A SAFE (Simple Agreement for Future Equity) lets an investor give you money now in exchange for equity later, when you raise a priced round, withou...
What's the difference between a valuation cap and a discount on a SAFE?
A cap sets the maximum valuation at which your SAFE converts, protecting the investor's upside if you raise your next round at a high price; a disc...
How do SAFEs and term sheets differ in India versus the US?
India can't use the plain US SAFE directly because of company-law constraints, so founders use the iSAFE (structured as compulsorily convertible pr...