SAFEs vs. Convertible Notes
A SAFE (Simple Agreement for Future Equity) is a popular instrument for early-stage funding. Valuation caps on 2026 pre-seed SAFEs typically range from $4M to $8M depending on the founder's track record and traction.
SAFE / Convertible Note Calculator
Model the conversion of notes into equity during your next priced round.
Effective Ownership
5.0%
Note converts at the Cap