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Life & fun · December 6, 2013

Safe

Convertible debt, without the debt

Safe launched on December 6, 2013 with 107 votes, #80 of 927 launches that month and more than 75% of that year's launches. The site was still online in September 2026, 12 years on.

Visit ycombinator.com ↗Safe alternativestop 9% of December 2013

What it does

The SAFE is the free, standardized agreement startups use to raise early money. Learn the instrument — forms, valuation caps, conversion — and how it works.

The open-source, simple agreement that lets investors fund your startup now for shares of stock later. Created at Y Combinator by Carolynn Levy in 2013 and used to raise over $15B+ for YC portfolio companies. A SAFE (Simple Agreement for Future Equity) is a short contract an investor signs to fund your startup now in exchange for the right to shares of stock in your startup later. It converts into shares automatically when your startup raises a priced round. "Send a SAFE" is the official tool by Y Combinator for sending SAFEs. It is the fastest way to generate, sign, and send a SAFE — in about two minutes. Use this prompt with your agent to create and manage your SAFEs. The prompt will…from ycombinator.com

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