3 ms·
What is a "safe" exactly?
by marssaxman 8y ago
What is a "safe" exactly?
- apandhi 8y agoEssentially, it's a convertible note without the debt aspect.
- mwseibel 8y agohttp://www.ycombinator.com/documents/ http://www.ycombinator.com/documents/
- ai_ia 8y agoMichael, do you know where can I find stats for the number of founders per company accepted in YC? Edit: I found it here. https://blog.ycombinator.com/common-misconceptions-about-applying-to-yc/ https://blog.ycombinator.com/common-misconceptions-about-app...
- katm 8y agoThe average for the last batch was 2 founders.
- dasmoth 8y agoThis is one of those cases where the word “average” is kind-of unhelpful. Mean? Mode? Median?
- streulpita 8y agoI would guess Median is also 2.
- ai_ia 8y agoI meant in more explicit terms. Number of companies with two founders, with one founder etc.
- neom 8y agoConvertible notes are (usually) more like a loan that you (usually) pay back with equity instead of money. SAFE is less like a loan, so you avoid things like interest on the loan.