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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – Uncapped SAFE Notes
Description: Uncapped SAFE Notes Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. SAFE notes are commonly used in startup fundraises. They most often come with a valuation cap. This means the valuation will not rise above that cap no matter what the priced round that follows. For an investor, an uncapped SAFE note can reduce the return on the investment tremendously. Some founders offer a discount only on the SAFE note to provide a return. The investor gets the discount amount as their return based on the next valuation...