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Lowering SAFE cap for larger tickets?

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May 30, 2024
What is your advice/reaction to a founder that wants to issue two levels of SAFE notes?

Level 1: Minimum Investment: $10,000
 Conversion Terms: Convertible to stock in the Series A round at a $20 million pre-money valuation cap.
 
Level 2: Minimum Investment: $50,000
 Conversion Terms: Convertible to stock in the Series A round at a $10 million pre-money valuation cap.
1 answer
Accepted Answer
May 30, 2024

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