SAFE Notes Explained: "Unsafe" for Startups?
Breaking Into Wall Street16:00
Deal InstrumentsDeal Structure
Breaks down SAFE mechanics from the investor/analyst side: pre-money vs post-money SAFEs, MFN clauses, and how they convert into equity at a priced round.
Why it matters for VC
SAFEs are the default early-stage instrument. Understanding the investor implications (especially post-money SAFEs) is non-negotiable.