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What is SAFE?

Learn more about Y Combinator's Simple Agreement for Future Equity (SAFE) and how it works.

John Doe

Written by John Doe

Updated 2 years ago

US companies

There are three versions of the post-money safe intended for use by US companies, plus an optional side letter.

  • Safe: Valuation Cap, no Discount
  • Safe: Discount, no Valuation Cap
  • Safe: MFN, no Valuation Cap, no Discount
  • Pro Rata Side Letter
  • Safe User Guide