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Y Combinator released the Simple Agreement for Future Equity ("SAFE") investment instrument as an alternative to convertible debt in late 2013. [4] It was written by Carolynn Levy. This investment vehicle has since become popular in the U.S., Canada, [5] and Israel, due to its simplicity and low transaction costs.
Y Combinator interviews and selects two batches of companies per year. The companies receive a total of $500,000 in seed money as well as advice and connections. The $500,000 in funding is made up of $125,000 on a post-money SAFE in return for 7% equity and $375,000 on an uncapped SAFE with a "most favored nation" ("MFN") provision (i.e.: "we get the same best terms you give anyone else in the ...
Dogpatch Labs offers successful applicants to the NDRC Accelerator a €100,000 investment using SAFE (Simple Agreement for Future Equity) [46] which was originally introduced by Y Combinator (YC) in late 2013. In September 2021 Dogpatch Labs open-sourced its version of the YCombinator SAFE, adapted for Irish Law, for any founders and investors ...
Y Combinator started doing so in Summer 2022, though its demo days have still been remote. (YC says its next Demo Day will be partially in-person at Pier 70, though presentations will still be online)
Ironclad was founded in 2014 by Jason Boehmig, a former attorney at Fenwick & West, and Cai GoGwilt, a former software engineer at Palantir. [9] The company participated in the summer 2015 batch of startup accelerator Y Combinator who provided the seed funding, and it launched with 200 companies already using the product in beta.
The accelerator’s Demo Day was all about A.I. startups—but a couple of other themes emerged.
Startup accelerator Y Combinator is backing its first weapons startup — a firm that says it can make missiles smaller and cheaper than its competitors. "Ares is building a new class of anti-ship ...
The concept suggested to sign the investment deals with the use of individual investment agreements for future profit or future equity. In 2013, such type of individual agreements was standardized to "SAFE notes" by Y Combinator. [4]