I will be your US startup attorney and draft a y combinator style safe agreement
Your Licensed US Attorney for Startup Venture Capital Law
About this Gig
Fundraising with a SAFE? It's the fastest and most founder-friendly way to raise seed capital, pioneered by Y Combinator.
As a licensed US attorney, I will draft a "Post-Money" SAFE (Simple Agreement for Future Equity) for your startup. This has become the standard for early-stage deals, allowing you to take in investment without the complexity of a priced round or the debt features of a convertible note.
I will prepare a professional agreement based on the latest YC model, customized to your specific deal terms.
The Standard/Premium Gig can include:
- Post-Money Valuation Cap: Sets the conversion valuation.
- Pro-Rata Rights: Gives the investor the right to maintain their ownership percentage in a future round.
- MFN (Most Favored Nation) Provision: Ensures the investor gets better terms if another SAFE investor does later.
Using a professionally prepared SAFE ensures clarity and alignment with your investors. It signals that you are following best practices for startup financing.
Order now to quickly and properly document your SAFE investment.
Field of law:
Finance
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Business (corporate)
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Commercial
Legal consulting Gigs are not screened
Please note that there is no screening process for this service. We recommend that you message the freelancer and check all necessary details before placing your order. Pro freelancers in this category have gone through a vetting process. You can find more details here.
FAQ
What is a SAFE?
A SAFE is an agreement where an investor makes a cash investment in a company in exchange for the right to receive equity at a future date, typically in connection with a priced financing round. It is not debt.
What is the difference between "Pre-Money" and "Post-Money" SAFEs?
Post-Money SAFEs, the current YC standard, calculate the investor's ownership based on the valuation cap after their investment is included. This provides more clarity to both founders and investors on dilution.
What are Pro-Rata Rights?
These rights allow the SAFE investor to purchase additional shares in the subsequent priced equity round (the round that triggers the SAFE conversion) to maintain their percentage ownership.
Do I need the Corporate Resolutions from the Premium package?
Yes, it is highly recommended. Your company's Board of Directors must formally authorize the issuance of SAFEs. The Board Consent document fulfills this legal requirement.
Is this the official Y Combinator document?
I draft the agreement based on the industry-standard YC Post-Money SAFE, customized with your specific deal terms (investor name, amount, valuation cap) and prepared for signature.
Can I use one SAFE for multiple investors?
No, each investor requires their own separate, signed SAFE agreement. You can order multiple gigs or contact me for a custom offer for a group of investors.
