Your First SAFE

Understand every word before you sign.

SAFEs are deceptively simple. The valuation cap, discount rate, MFN clause, and pro-rata rights interact in ways that matter more as the round size grows. Model the dilution across all your SAFEs before each one closes.

• Understand post-money SAFE mechanics before signing
• Model dilution across multiple SAFEs before closing
• Confirm MFN clause if investors have different caps
• Track aggregate SAFE amount against your cap table
• Keep a signed copy of every SAFE in your data room