SAFE

“We just went online, downloaded what Paul Graham had, printed it, didn't, you know, didn't have to spend any big money on lawyers.”

“So they were using this instrument called a safe. So they were convertible instruments. So they were not price rounds.”

“Now it's one 20, 20% or 20,000 dollars of it is invested in common share. So it's a priced round. And then the other a 100,000 dollars is invest, invested on a safe.”

“In true YC fashion yeah, we do it all in safes.”

“We're usually waiting until there's a round of, with evaluation of a million dollars. Raising a million dollars. Valuation much higher.”

“So we don't put a cap. We believe we'll take a smaller piece of a larger pie. We don't want to, and caps usually turn into limits for future rounds. We don't want to get into that game. We'll let people grow their company as large as they can.”

“Most of the early stage instruments, convertible notes and safes really are orientated around the idea that you will raise another round. And if you don't raise another round, They either do stuff that's, you know, not great, like accumulate interest indefinit…”

“You can do 1.2 million of safe, but in the Indian market, you know, it's not that easy. Like usually the rounds get price”

“We have a floor of two two dot five million floor and eight million of a cup.”

“The pre-seed round, we raised three million on a fifteen million dollar, you know, post-money valuation cap on the safes.”

“And we're also, we're doing it on a safe, so it has a higher cap.”

“No, our valuation was ten million dollars and we did like one million round on safe.”

“Safe rounds, pretty clean. We can do it in as little as a few days, and we have done it. And then in some cases where there's complex, you know, we have quite a few cross geography companies. So all our companies are US market focused, but we have quite a few …”

“After the seed round, we pivoted ideas and had to raise a million dollars in safe kind of funding, and we made a conscious choice to not, you know, work with VCs, not work with other entities, and raise from users of the product, so top real estate teams”