Am I ready? / Hybrid instruments

Hybrid instruments

Instruments that start as one thing and may become another, such as SAFEs and convertible notes.

What providers of these 2 routes usually ask for. Items asked for by more routes come first, and count for more in the score. Your ticks stay in this browser and nothing is stored.

Ready

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Ownership model
Note terms chosen
Plan for maturity

Ownership modelYour ownership table after the notes convert, including interest built up, at likely next-round prices
Asked for by 2 routes: Convertible notes, SAFEs (simple agreements for future equity)
Note terms chosenThe interest rate, maturity date, conversion trigger, discount and any cap, and what happens on a sale
Asked for by Convertible notes
Plan for maturityHow you would repay or renegotiate if no round happens before the maturity date
Asked for by Convertible notes
Terms chosenThe cap, any discount, and whether the SAFE is pre-money or post-money, using a standard form where you can
Asked for by SAFEs (simple agreements for future equity)
Securities exemption chosenRegulation D (with accredited investor checks and Form D) or Regulation Crowdfunding
Asked for by SAFEs (simple agreements for future equity)

Hybrid instruments

Routes in this family