Скачать с ютуб How the Post-Money SAFE (Simple Agreement for Future Equity) works в хорошем качестве

How the Post-Money SAFE (Simple Agreement for Future Equity) works

Unlike the original pre-money SAFE - Simple Agreement for Future Equity - the 2018 post-money SAFE uses a post-money valuation cap. The SAFE is a very popular startup funding vehicle. Both versions can (but don't always) result in the SAFE investor receiving SAFE Preferred shares upon the equity conversion. These are very similar to standard preferred shares, but with differences in liquidation preference (we show a simple liquidation preference example using a 1x participating liquidation preference), conversion price, and dividend terms. The SAFE agreement valuation cap is the biggest differences in the two versions. The video walks through a Simple Agreement for Future Equity example cap table to show exactly how post-money SAFE funds convert to a committed percentage of ownership, and how that results in founder equity dilution. Differences in pro-rata participation rights are also discussed. Compared to the convertible note, the SAFE has no interest rate and no maturing date, so it is simpler and more entrepreneur friendly than the convertible note. This StartupSOS channel provides practical, how-to advice for new entrepreneurs who plan to build a growth startup with investor funding.