3 ms·
For everyone who had no idea what a safe is (beyond the big metal thing you put valuables in), I eventually found this with some digging: https://www.ycombinat
by djrogers 9y ago
For everyone who had no idea what a safe is (beyond the big metal thing you put valuables in), I eventually found this with some digging:
https://www.ycombinator.com/documents/#safe https://www.ycombinator.com/documents/#safe
- AckSyn 9y agoThanks for sharing this. I had forgotten what it was. > The safe (simple agreement for future equity) is intended to replace convertible notes in most cases, and we think it addresses many of the problems with convertible notes while preserving their flexibility.
- stronglikedan 9y agoCurious that it appears to be a non-capitalized acronym. That could definitely cause some confusion.
- dang 9y agoThe article is written from a place (what Eric Evans calls a 'bounded context') where the term is so well known that people just use it as a common noun. But crossing into the HN context that's no longer true, so we've uppercased it for you above. (I almost said improper noun but apparently that's like land seahorse.)
- ameliaquining 9y agoApparently YC thought that capitalizing "SAFE" was inconvenient: http://blog.ycombinator.com/announcing-the-safe-a-replacement-for-convertible-notes/ http://blog.ycombinator.com/announcing-the-safe-a-replacemen... For what it's worth, I think this causes more confusion than it's worth.