With the ever changing landscape of raising investment capital today there are many different avenues an entrepreneur may take. One option a startup may want to consider is a SAFE. In practice a SAFE enables a startup company and an investor to accomplish the same general goal as a convertible note, though a SAFE is not a debt instrument.
SAFEs solve a number of issues that convertible notes have for startup companies. Additionally SAFEs reduce the amount of legal cost and negotiation time by simplifying the agreement relative to most convertible notes. Here you will find more information on why a SAFE may be your best option!