Explain SAFE Terms
Paste the SAFE or note text or forward counsel email. Say your best guess at next priced round size if you want example math.
Can you decode this before our board call?
From counsel email: 1.5M safe, 12M post-money cap, 20 percent discount, pro-rata side letter for lead.
Assume next priced round around 18M pre if that helps examples.
From counsel email: 1.5M safe, 12M post-money cap, 20 percent discount, pro-rata side letter for lead.
Assume next priced round around 18M pre if that helps examples.
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