If you haven’t read my hard sell of the SAFE here Fundraising and the notes provided by Y-combinator (the inventor of the SAFE) here YC explains SAFE, do that before going ahead with the templates below.
Customized SAFEs 🎛️🪛🧪
The pre-money SAFE. This is NOT the original pre-money SAFE, but a custom version that mixes the pre-money CAP of the original and the rest of the language of the newer post-money version.
NOTE 1: it contains the possibility to include a discount in addition to the CAP. If you only want the CAP, then put 100% in the bracket named “Discount rate”. For 20% discount, you put 80% in the bracket.
NOTE 2: it has been made for a Delaware c-corp. You will need additional modifications, if you raise with another entity type.
SAFE - pre-money CAP - Founders First Legal.docx
The European Angel Special SAFE. This is basically the same as the pre-money SAFE above, but with automatic conversion after 24 months at pre-money CAP valuation in the event that no other conversion triggers has happened or if no other conversion triggers has happened and the company pays out dividends to its stockholders. In each case, the SAFE converts into common stock instead of preferred.
Same notes apply as above ⬆️
SAFE - pre-money CAP - European Angel Special - Founders First Legal.docx
If you don’t feel completely safe yet