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Venture Deals

Should I Include Fund Name and Investment Amount in SAFE Template Before Fund Formation and Final Evaluation?

Asked by:
Community Member
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May 03, 2023
Guys I noticed the SAFE template has the 1) *Fund* [Name of Fund] a [Delaware Limited Partnership] as well as the investment amount. My questions are: 1 - as I don't have the fund yet shall I add it to my personal information at this stage? 2 - on the investment amount do I need to mention *now* the committed capital once fund is closed or I can just have the option to invest X amount upon final evaluation? (given the fact I won't have enough time for Due Diligence etc etc). 3 - Is it always better for the fund and for the LPs to sign a SAFE agreement at a post-money valuation? As I have been researching here looks like the conversion is higher on equity to investors at post-money.
1 answer
Mike Suprovici
Accepted Answer
May 03, 2023
If you are going to make a personal investment, you can use it. If your plan is to invest from the fund, you can't because you don't have a fund.

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