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Understanding Safes and Priced Equity Rounds by Kirsty Nathoo

Startup School by Y Combinator

CHAPTER

How to Raise Money on a Priced Series a Round

Most companies will raise money first on safes or some other conversibleer, convertible instruments. Safe er the s stands for simple. The rest of it is a simple agreement for future equity. When you raise money on a priced round, there are minimal negotiations with a safe. And that's what makes a priced round a lot harder to close and to raise money on them than a safe does.

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