SAFE
A SAFE, or simple agreement for future equity, is a contract that may give an investor a right to equity upon specified future events. It is generally not debt, but its exact terms matter.
Why it matters to a capital raiser
I model how its cap, discount, and conversion provisions may affect ownership.
Related terms
A term can mean something different in a particular deal, so read it with the governing documents. General education only. Not legal, tax or investment advice.