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SAFE Notes Example

Sample safe note.

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walujkarnarendra17
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29 views

SAFE Notes Example

Sample safe note.

Uploaded by

walujkarnarendra17
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Example Cap Table for Seed and Series A Rounds (SAFE Note for Seed Round Instead of Priced

Investment)
($ in USD as Stated)

Seed Round Investment (SAFE Notes): Units:

Company Value in Unpriced Investment Round: $ $ 12,000

Alfheim Capital - Investment Size: $ $ 1,000,000


Alfheim Capital - Conversion Discount: % 20.0%

Asgard Capital - Investment Size: $ $ 1,000,000


Asgard Capital - Valuation Cap: $ 10,000,000

Capitalization Just Before Seed Round: Post-Seed Round Capitalization:


Common Fully Diluted Common New Total Fully Diluted
Name of Individual or Entity: Shares: Ownership %: Value ($): Shares: Shares: Shares: Ownership %: Value ($):
Management:
Co-Founders: 1,200,000 90.0% $ 10,800 1,200,000 0 1,200,000 90.0% $ 10,800

Option Pool:
Employees: 133,333 10.0% 1,200 133,333 0 133,333 10.0% 1,200

Investors:
Alfheim Capital (Seed): 0 0.0% - 0 0 0 0.0% -
Asgard Capital (Seed): 0 0.0% - 0 0 0 0.0% -
TOTAL: 1,333,333 100.0% $ 12,000 1,333,333 0 1,333,333 100.0% $ 12,000
Series A Investment: Units:

Investment Size: $ $ 5,000,000


"Apparent" Pre-Money Valuation (Ignoring SAFE Notes): $ 10,000,000
"Apparent" Post-Money Valuation (Ignoring SAFE Notes): $ 15,000,000

Series A Price per Share: $ / Share $ 7.50


Alfheim Capital - Purchase Price per Share: $ / Share 6.00
Asgard Capital - Purchase Price per Share: $ / Share 7.50

SAFE Note Conversions and Shares Purchased: # Shares Valuation MOIC


Alfheim Capital - Shares Converted in Round: 166,667 $ 1,250,000 1.25 x
Asgard Capital - Shares Converted in Round: 133,333 1,000,000 1.00 x
Series A Investors - Shares Purchased in Round: 666,667 5,000,000 1.00 x
Total: 966,667 7,250,000

Total NON-OPTION Shares: # Shares 2,166,667


Options Pool % Total Shares in Round: % 20.0%
Total Shares After Options Pool Upsizing: # Shares 2,708,333
New Shares from Options Issued in Round: # Shares 408,333

Post-Money Valuation (Equity Value): $ 20,312,500

Capitalization Just Before Series A Round: Post-Series A Capitalization:


Common Fully Diluted Common New Total Fully Diluted
Name of Individual or Entity: Shares: Ownership %: Value ($): Shares: Shares: Shares: Ownership %: Value ($):
Management:
Co-Founders: 1,200,000 90.0% $ 9,000,000 1,200,000 0 1,200,000 44.3% $ 9,000,000

Option Pool:
Employees: 133,333 10.0% 1,000,000 133,333 408,333 541,667 20.0% 4,062,500

Investors:
Alfheim Capital (Seed): 0 0.0% - 0 166,667 166,667 6.2% 1,250,000
Asgard Capital (Seed): 0 0.0% - 0 133,333 133,333 4.9% 1,000,000
Series A Investors: 0 0.0% - 0 666,667 666,667 24.6% 5,000,000
TOTAL: 1,333,333 100.0% $ 10,000,000 1,333,333 1,375,000 2,708,333 100.0% $ 20,312,500

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