Glossary · Fundraising
SAFE note
Also called SAFE, simple agreement for future equity
Definition
A SAFE (simple agreement for future equity) is an early-stage funding instrument created by Y Combinator. The investor pays now and receives shares later, usually at the next priced round, often with a valuation cap or discount. Unlike a convertible note, it is not a loan and carries no interest.
Where SAFE note comes up
On this site, in our guides and in the conversations we've written up.
