SAFE Agreement Template (2024) — Y Combinator Format
Comprehensive SAFE (Simple Agreement for Future Equity) template based on Y Combinator's 2024 format. Includes post-money valuation cap, discount rate, pro-rata rights, MFN provisions, and complete conversion mechanics for startups.
Complexity: Standard
Related topics: startup, investment, safe, equity, fundraising, seed, venture, y-combinator, convertible, cap
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SIMPLE AGREEMENT FOR FUTURE EQUITY THIS CERTIFIES THAT in exchange for the payment by [investor_name] (the " Investor ") of [purchase_amount] (the " Purchase Amount ") on or about [date], [company_name], a [company_state] corporation (the " Company "), issues to the Investor the right to certain shares of the Company's Capital Stock, subject to the terms described below. 1. EVENTS (a) Equity Financing. If there is an Equity Financing before the termination of this Safe, on the initial closing of...