All of the major SAFE templates available online have been designed for use with professional investors, typically in seed rounds. A friends and family round is quite different from a seed round in that, because the business is so early,

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Background reading: SAFEs v. Convertible Notes “Fixing” Convertible Note and SAFE Economics in Seed Rounds Most seed rounds under about $1.5 million in Austin (and Texas generally) are done as “convertible instruments” – convertible notes or SAFEs. Above that mark

Continue readingWhy many Austin Startups use Convertible Notes instead of SAFEs for Seed Rounds