Convertible vs SAFE — 5 Practical Principles For Startups

Raising a round and considering whether to do convertible or SAFE? Remember that convertible is debt that turns into equity based on certain parameters and SAFE is a specific type of convertible. This is an article about the pros and cons of each. But before starting, here are some previous posts that are relevant to this conversation: 1) Convertible vs Priced 2) Convertible Notes – 4 Practical Principles 3) SAFE: Great (Esp For Entrepreneurs), As Long As Done Safely Caveat: different geographies have different norms, what is “typical” refers to the current standards in Silicon Valley. 1) Speed In SAFE…...