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SAFE / convertible note converter
How much will your SAFE investors own when it converts?
How it works
- A SAFE converts at the lower of the cap or the next round's price.
- Rough ownership ≈ SAFE amount ÷ the lower of cap and next pre-money (simplified post-money SAFE).
- Real conversions depend on discounts, option pools and the exact SAFE type — check with a lawyer.
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Your result
Converts at valuation
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SAFE holders own ≈
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Learn the idea behind it
Term sheets, explained
A term sheet is a short document setting out the key terms of an investment before the legal paperwork.
Valuation basics
Early-stage valuation is a negotiation about price, driven by traction, team, market and competition between investors.
Fundraising basics
Raising money means selling part of your company. Understand the terms before you sign.
References
- [1]
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