Draft SAFE Note in Delaware for E-Commerce Business
Draft
SAFE Note
Delaware
Business
E-Commerce
Less than a week
$400 (Flat fee)
1 bid
Need help with a SAFE Note?
Post Your Project (It's Free)
Get Bids to Compare
Hire Your Lawyer
Other Lawyers that Help with SAFE Note Projects
Other SAFE Note Postings
Draft SAFE Note in California Draft SAFE Note in Florida for Software & IT Services Business Draft SAFE Note in Nevada for Business Draft SAFE Note in New Jersey for Business Draft SAFE Note in New York for Music Business Draft SAFE Note in New York for Retail Business Draft SAFE Note in Washington for Information Technology & Services Business Review SAFE Note in Delaware for Internet Business Review SAFE Note in Florida Review SAFE Note in Kansas for Transportation & Logistics BusinessForum Questions About SAFE Note
SAFE Note
New York
What is the difference between a SAFE Note and Convertible Note?
I am considering raising money and have been advised to look at these two instruments to raise money on.
Ramsey T.
Both SAFES (Simple Agreements for Equity) and Convertible Notes "convert" into equity. The fundamental difference between the two is that SAFES have no built-in interest rate and have no "end date." Convertible Notes are debt so they have an interest rate and after a certain period of time (perhaps two years in most cases) they can be "cashed in" by the holder who can force the start-up to pay back the investor (principal plus interest). SAFES have become very accepted in the investing community at this time and I always recommend that a start-up issue SAFES (and conversely I always recommend that an investor get a convertible note).