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SAFE Calculator
Model how your SAFE converts to equity and understand investor ownership at conversion.
SAFE Terms
Post-money SAFEs (YC standard) give investors a fixed ownership percentage.
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0%30%
Conversion Results
5.0%Investor
Founders (95.0%)
Investor (5.0%)
Investment Amount$500K
Valuation Cap$10.00M
Conversion Price$0.8000
Shares Issued625,000
Investor Ownership5.00%
How SAFEs Work
A SAFE (Simple Agreement for Future Equity) is an investment instrument that converts to equity during a future priced round. SAFEs were created by Y Combinator as a founder-friendly alternative to convertible notes.
Key Terms
- Valuation Cap: The maximum valuation at which the SAFE converts. If the priced round is at a higher valuation, SAFE investors get the cap price.
- Discount: A percentage reduction from the priced round price. Investors get the lower of the cap price or the discounted price.
- Post-Money vs Pre-Money: Post-money SAFEs (now standard) give investors a fixed ownership percentage. Pre-money SAFEs calculate ownership based on the cap table at conversion.