The SAFE, or Simple Agreement for Future Equity, is a modern alternative to convertible promissory notes, designed to simplify early-stage fundraising by eliminating debt and reducing legal complexities.

A SAFE, or Simple Agreement for Future Equity, is an alternative to a convertible note that allows startups to quickly raise funds without the complexities of a priced round.

The SAFE, or Simple Agreement for Future Equity, is designed for very early-stage startups that haven't raised a priced round yet.

A SAFE, or Simple Agreement for Future Equity, allows an investor to provide money now in exchange for a promise of shares at a future date when a priced round occurs.

The SAFE (Simple Agreement for Future Equity) allows investors to convert their investment into equity at a later date, but the exact ownership percentage isn't known until the priced round occurs.

Convertible securities like SAFEs allow startups to raise funds without the burden of debt, making it easier for founders to focus on building their companies rather than managing loans and interest.

The SAFE converts into shares when the company completes an equity financing, which can be a priced round or a series round.

In Boston, while SAFEs and convertible securities are common on the West Coast, local angel investors may be less familiar with these financing methods, indicating a need for education in the ecosystem. I recommend approaching fundraising with convertible securities because they can be done quickly and flexibly.

The introduction of post-money SAFEs simplifies understanding dilution by clarifying how much of the company founders have sold to investors after all SAFEs have converted.