SAFEs and KISSes are both alternatives to traditional convertible notes. SAFEs convert into equity at the next round of funding but are not debt. KISSes can be equity or debt but are streamlined. See the forms here: SAFE KISS and nice comparison of various alternatives here. #SAFE #KISS #ConvertibleNote #AngelFinancing

A SAFE (Simple Agreement for Future Equity) is an efficient way for a company to raise pre-venture capital equity financing. As with convertible notes, SAFEs facilitate investment now while pushing off pricing until a future equity round of funding. SAFEs can provide for discounts on the next round price and valuation caps, but they are not debt. Sounds good, so why aren’t companies using them more? Because they are not confident that investors will understand SAFEs, comp