SAFEs and Pre vs Post Money Valuations

Breaking down Y Combinator's Simple Agreement for Future Equity

I played the drums in my elementary school’s fifth grade band. But since then, the only instruments I’ve picked up are financial instruments.

Please forgive me.

In today’s issue we’ll be breaking down the SAFE, or Simple Agreement for Future Equity, the best way for startups to attract initial cash. While discussing this kinda revolutionary financial ins…