This web article describes the unique benefits of a SAFE (simple agreement for future equity), a funding mechanism sharing similarities to a convertible note that was created and pioneered by YCombinator. A SAFE is supposed to be easier to execute, due to a simple legal structure, does not saddle the startup with debt with a time limit, unlike a convertible note, and converts into preferred stock at the first priced round. The article provides links to 4 different types of SAFEs that can also be found as resources in the Founder's Playbook.

Credit: YCombinator

This quick overview of what a SAFE provides by way of a financing vehicle for early stage startups acts includes a Q&A section and many simple illustrative examples.

Credit: YCombinator

This presentation by Cyclotron Road provides a clear and simple explanation of what a SAFE (simple agreement for future equity) entails, including examples.

Credit: Cyclotron Road

This presentation by Partner Kristine di Bacco at Fenwick and West provides considerations for a startup on the incorporation process and the seed fundraising process.

Credit: Fenwick & West LLP