It's crucial to keep the fundraising process moving quickly by getting a term sheet as soon as possible, as investors tend to delay decisions.

Negotiating a SAFE typically involves only two points: the amount of money the investor will contribute and the valuation cap.

Investors should ensure their rights under a SAFE are respected during conversion rounds, particularly regarding pro-rata rights, as ignoring these rights breaches the contract.

A good investor is someone who makes decisions quickly, signs documents promptly, and wires money without needing to be involved afterward. If you only have A-minus investors, you'll be fine, but you want to avoid those who create distractions and busy work.

Raising funds can take time, and it's essential to build relationships with potential investors rather than rushing the process.

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

The MFN SAFE, or Most Favored Nation SAFE, allows investors to amend their terms if subsequent investors negotiate better terms.

It's essential to keep track of signed documents when raising money, as different investors may have varying rights and obligations.

The SAFE is a five-page document that simplifies the investment process compared to traditional financing documents.