![]() One other big item for notes is the maturity date which is the date the note is “due and payable” if it has not already been converted.īe aware of the challenges of an uncapped note Typical interest rates are 2-8% and that interest is “paid” during the future note conversation. If this is a convertible note, as we mentioned, there is an interest rate on that note. In essence, early investors’ cash will buy more shares when (and if) the next round occurs. For example, if the price per share of your next round comes in at $1, with a 20% discount, early investors will buy their shares for 80 cents. The discount gives them the right to convert their investment at a reduced price to what’s paid by the next round’s equity investors. Convertible notes are debt financing and have an interest rate and a maturity date - just like the loan on your house or car.Ī SAFE is not debt financing so it does NOT have an interest rate nor a maturity date.Ĭonvertible notes and SAFEs can both be structured with a discount that rewards early investors for taking a really big risk. Both notes and SAFEs are fairly easy instruments to put together, they both (kind of) defer the valuation discussion, and investors can lock in an investment more easily at an earlier stage and price.Ī convertible note is a loan that typically converts into shares of preferred stock during your next equity financing. Typically at the really early stages, instead of a priced equity round, most startups will raise their first round using a convertible note or SAFE - Simple Agreement for Future Equity. Source code on web.Be clear on the basic terms & key items of notes & SAFEsīefore we can start talking about how to set the terms, including cap, let’s quickly review some definitions related to convertible notes and SAFEs. Currently available in English, German, Czech, Slovak and with support for any other language mutations.None information is writed out of data directory. Highly portable you can use only one exe application without installation.The intelligence and power is hidden inside the application with hundreds of thousands source code lines. Very easy to use and very easy installation.When AES encryption is broken, for SafeNotes this is not a problem. The strongest crypto algorithms are used simultaneously with safe-cascade.You can choose from five different algorithms, such as U.S. Wipe Tool, this is a sensitive data destruction tool, for secure delete files or free space wipe from hard drive or memory keys.SafeNotes is a quantum-safe cryptography.Supports all versions of Windows, Linux system with Wine.Extreme password engine, high security even with a short password.Safe transfer of private documents, texts, photos via internet. Secure mailing with simple copy & paste technique.Create ultra secure Bitcoin wallet addresses, using a precise safe random generator and three-step independent verification.Can by use high grade image size resampler with Bicubic, Lanczos, Catmull-Rom, Mitchell, Gausian and other resample filters. It meets the strongest military standards. ![]() Steganography, hiding information inside the picture so thats it is impossible to detect this.
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