SAFEs are a common seed stage fundraising tool and are a great way to fundraise early on in a startup's journey, but how can founders leverage SAFEs without giving up too much equity early on? In this workshop, participants will learn about the mechanics, discount rate, and valuation caps for SAFEs.
Convertible notes are a common seed stage funding option that requires incurring debt in the hopes that it is converted into equity in the future. In this workshop, participants will gain an understanding of convertible notes, the different mechanics of the note, and common terms for this type of funding.
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Learning Pillar
Business Viability
Stage
Delivery
Time
35 minutes
Course Learning Objectives:
Define SAFEs and its intended funding goals
Formulate a SAFE valuation cap
Define convertible notes and its intended
funding goals
Compare convertible note terms with potential
funding goals
Click on a lesson below to get started:
Meet the instructor
EMILY UNDERWOOD ASSOCIATE CLINICAL PROFESSOR BLUHM-HELFAND DIRECTOR, INNOVATION CLINC AT UNIVERSITY OF CHICAGO LAW SCHOOL