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December 6, 2013 11:00 pm GMT
Years ago, Y Combinator helped popularize the convertible note as a way for startups that go through its accelerator to easily raise seed money they need to grow. That gave companies the flexibility to get cash quickly without having to worry about hiring lawyers and pricing early funding rounds. Now the accelerator is moving to a new convertible equity model with an investment instrument that it's calling "Safe," which stands for "simple agreement for future equity."
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/UvXiz_grsXA/
Y Combinator Introduces Safe, Its Alternative To Convertible Notes
Years ago, Y Combinator helped popularize the convertible note as a way for startups that go through its accelerator to easily raise seed money they need to grow. That gave companies the flexibility to get cash quickly without having to worry about hiring lawyers and pricing early funding rounds. Now the accelerator is moving to a new convertible equity model with an investment instrument that it's calling "Safe," which stands for "simple agreement for future equity."Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/UvXiz_grsXA/
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