The SAFE (Simple Agreement for Future Equity) investment structure was a great innovation in financing structures by the Silicon Valley-based Y Combinator team. It has simplified and lowered the cost of first-stage financings...more
Convertible securities such as simple agreements for future equity (SAFEs), advance subscription agreements (ASAs) and conventional convertible loan notes (CLNs) are increasingly used as agile and flexible funding...more
Thanks to everyone who joined Part One of Bailey Glasser’s two-part raising capital webinar series with lawyers Michael de León Hawthorne and Carlos Duque. Part One of the webinar featured raising capital questions and...more
When early stage founders are looking to raise money, they are often choosing between using Simple Agreements for Future Equity (SAFEs) or convertible notes. Our clients often ask what the difference is between the two and,...more
How can legal structures help investors maximize the impact of their investments? Below, read more about key ESG concepts and best practices for stakeholders and investors to consider moving forward...more
Why SAFEs will continue to dominate in early stages - Amidst historic highs for startup investment in 2021, and new records broken every month, one wonders whether we can expect the venture capital boom to continue. ...more
SAFE financings (it’s an acronym for “Simple Agreement for Future Equity”) were pioneered by the startup accelerator Y Combinator as a replacement for convertible notes. The idea was to create a simpler, more flexible...more
Being an entrepreneur involves wearing many hats. In addition to thinking about product and design, you must also be able to speak the language of investors. Below are some important terms every entrepreneur should know...more
What is a SAFE? SAFE stands for “simple agreement for future equity,” and was created by Y Combinator in 2013 as an alternative to investing via convertible notes. SAFEs are neither equity nor debt – they represent a...more