Angel Investors Network

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    Safe (Simple Agreement For Future Equity)

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    Angel Investing

    SAFE Notes for Investors: Caps, Discounts, Dilution

    TL;DR: A SAFE note is an agreement where you give a startup cash now and receive stock later, when a priced round happens. It carries no interest and no maturity date. The valuation cap and the disco…

    Jeff Barnes, MBA··8 min read
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    Angel Investing

    Convertible Notes vs SAFEs: An Angel's Downside View

    TL;DR: According to Almanac , citing the Angel Capital Association's 2020 Angel Funders Report, 37% of angel deals in 2019 used convertible notes, and SAFEs have gained ground since. If you write che…

    Jeff Barnes, MBA··6 min read