Daily Edition · Page 11

THE DAILY INDEX

Technology, AI, software, security, crypto and business

GENERAL

TLDR Founders

THE CAP TABLE YOU DIDN'T NOTICE YOU WERE BUILDING

A SAFE is a promise where an investor gives a company their money, then when the company finally sells stock at a real price, the investor gets shares, usually at a discount or capped at some valuation as a reward for going first. There's no interest, due date, or anything owed if that day never comes. For founders raising a small amount quickly, it's a good trade. For investors, the worst-case percentage locks the moment they sign.

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