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.
10/22/2018 · Startup accelerator Y Combinator ( YC) recently announced the release of new forms of Simple Agreement for Future Equity (SAFE). Originally created by YC in 2013, the SAFE is intended to streamline…
About 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.
Official Y Combinator Safe Financing Documents. Here’s Y Combinator’s official website for safes (simple agreement for future equity) and other templates, such as term sheets and sales agreements . It contains YC ‘s latest safe version, the post-money safe . The previous version, the pre-money safe , is still widely used.
The YC Safe About Y Combinator Frequently Asked Questions Handshake Deal Protocol Free Template Sales Agreement When Y Combinator startups make their first sales, we provide them with a sales template to make the legal part easy. In 2015, Y Combinator open sourced its sales template for the benefit of all startups.
10/6/2018 · When YC first introduced the SAFE agreement in 2013, few expected it to become the de facto instrument for early stage investing.
6/19/2020 · SAFE ( simple agreement for future equity) notes are a simpler alternative to convertible notes. They were created in 2013 by Y Combinator, a Silicon Valley accelerator, and allow startups to structure seed investments without interest rates or maturity dates.
On September 28, 2018, Y Combinator released a new post-money safe document. The pros and cons of a convertible note vs. safe should be viewed in light of the most recent changes. Based on my own experience as a venture capital lawyer, many startu…
5/24/2019 · Pre- SAFE : The first is what your cap table looks like with no funding. See there are 10m shares. After pre- SAFE : First, we do the calculation for the pre note as it needs to be included in the post-note calculation. You can see the ESOP included in the cap table. After post- SAFE : Next we do the post note. Both the SAFEs hit the cap table.
YC Batch Investment: We’ ll invest $125k in return for 7% of your company using a “post-money” Simple Agreement for Future Equity (the “YC Safe”). We think that $125k is currently the right amount for founders to be able to run their company and pay expenses for around 5-6 months, and sometimes even longer.
