Tag
terms
2 posts about terms on the pitchd. blog.
·3 min read
What is a SAFE note, in simple terms
The SAFE is the most common pre-seed instrument — and many founders sign one without fully knowing what it does. Here is what a SAFE is, what the cap and discount mean, and what to check before you sign.
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Term sheet terms explained: the clauses that actually matter
Liquidation preference, pro rata, vesting, anti-dilution, the board. A plain-English walkthrough of the term sheet clauses that change real outcomes, and the ones that exist to comfort lawyers.
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