Define: Safe
an instrument containing a future right to shares of Capital Stock, similar in form and content to this instrument, purchased by investors for the purpose of funding the Company's business operations. References to "this
an instrument containing a future right to shares of Capital Stock, similar in form and content to this instrument, purchased by investors for the purpose of funding the Company's business operations. References to "this Safe" mean this specific instrument.
Relevant Circumstances
- When an early-stage company raises money via a Simple Agreement for Future Equity
- If conversion of the SAFE on a priced round needs to be mechanically defined
- Where founders are issuing multiple SAFEs ahead of a Series A