Complete guide to priced equity rounds for founders: Series Seed through Series A, key terms, valuation mechanics, and what to expect from institutional investors.
Anti-dilution provisions: full ratchet vs. weighted average, the broad-based weighted-average (BBWA) formula, and founder consequences in a down round.
Keep your cap table aligned with legal equity records: approvals, documents, stock ledger, SAFEs/options/notes, and financing readiness — not software shopping.
SAFEs are widely used in U.S. pre-seed and seed financings, but “simple” does not mean uncomplicated. Learn how a SAFE works as a security and contractual right, what conversion and payout terms do, and what to model before you sign.
