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Traditionally with the convertible note, capital Have more questions? Hire an attorney on UpCounsel today and Post a Job: https://www.upcounsel.com/jobs/new What Are SAFE Notes? SAFE (simple agreement for f 2016-07-01 · With an Emphasis on Simple, the SAFE Note Works for Seed-Stage Startups. Y Combinator, a well-known tech accelerator, created the SAFE note (simple agreement for future equity) in 2013, and uses it to fund most of the seed-stage startups that participate in its three-month development sessions.

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Click Add convertible notes to create a convertible draft. Clover Safe Notes by Project Area Clover Safe Notes by Number Newsletter Items 4-H Petting Zoos Master Gardener Safety Safe Notes is a free (and ad-free) app where you can easily jot down notes, to-do-lists, or anything else, right on your Android device. Not only that, but it secures all your notes with a password . Safe Note's strong point is all its security features. Safe Notes Series by Sha'Ron ShaRon. 137 likes · 2 talking about this.

The minimum raise needed to trigger the SAFE conversion is $500,000 and the investment amount for the new round is $1,000,000 so the SAFE is triggered.
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Under a SAFE, an investor agrees to make a cash payment (which is not a loan) to a company in exchange for a contractual right to convert that amount into shares when a pre-agreed trigger event occurs. A SAFE note, unlike a convertible note, is a simple written agreement between an early stage startup founder or co-founder and investor which provides for the convertible debt into priced equity. A convertible note is debt, which means it will accrue interest rates like a loan, and needs to be repaid should the note reach its maturity date. SAFE notes are a form of convertible security. They are used as a legally binding promise that, at a later date, an investor will be given the opportunity to buy shares at an agreed price.

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