SAFE: Simple Agreement for Future Equity

Published on July 1, 2016

With an emphasis on simple, this new equity security works for seed-stage startups By David M. Freedman Y Combinator, a well-known tech accelerator, created the SAFE (simple agreement for future equity) in 2013, and uses it to fund most of the seed-stage startups that participate in its three-month development sessions. Since 2005, Y Combinator has […]


SAFE Discounts Should Be 50% At Least

Published on June 1, 2016

By David M. Freedman When Title III equity crowdfunding launched on May 16, 2016, a majority of the 20 equity offerings listed on Wefunder, the dominant Title III portal, used a new security called SAFE. That’s an acronym for simple agreement for future equity. The SAFE is like a warrant entitling investors to shares in […]