SAFE
C2CEFR level
85/100Rarity: very rare
TechnicalRegister
A Simple Agreement for Future Equity, an instrument that gives an investor the right to shares in a later priced round without being a loan.
Most of our early angels came in on a SAFE rather than a convertible note.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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