What You Need to Know About a Safe

The other thing to bear in mind is that a safe is not debt. So some of you will have raised on what's known as convertible debt. A debt has generally an interest rate attached to it, and it has a maturity date where the debt nees to be repaid. Safes have neither of those things. In terms of conversion, in the way that they convert in a priced round, there ares similarities. This paragraph here is something that we've added just recently in our newest version of safes. And so you'll know, as a founder, that you should be looking at it more closely to see what's been changed.