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Nice tool, but if your goal is to help people understand, some more information in the UI would be nice; I can click "add safe" - what does that mean?
by Luctia 3y ago
Nice tool, but if your goal is to help people understand, some more information in the UI would be nice; I can click "add safe" - what does that mean?
- rrr_oh_man 3y agoSAFE: Simple Agreement for Future Equity TL;DR: A really simple funding contract. Developed at YC, often used by YC companies. Investor gives money now and, in the future, gets a discount on the company's shares or pays a lower price when the startup does well. https://www.youtube.com/watch?v=zBUhQPPS9AY&t=15m35s https://www.youtube.com/watch?v=zBUhQPPS9AY&t=15m35s
- XCSme 3y agoI don't know any funding terms, so the UI is very confusing for me. I don't understand what Val(post) is, what 10% options actually means (who gets the options?) what "Other pro-rata" means, etc.