Keep in mind that this cap also affects a SAFE note’s conversion price (valuation cap divided by company’s capitalization [total number of shares and options]). 2. Discount rates Provides the investor with a direct discount on the price per share that the notes will convert at, as compar...
For example, a 20% discount means the SAFE investor gets shares at 80% of the new round’s price. Conversion Trigger The specific event that will trigger the conversion of the SAFE note into equity shares. Typically, the conversion trigger is the next priced equity financing round above a ...
Conversion It is possible for a note to change into equity during a future round of financing. For a convertible note, a minimum amount must be raised in the round before it can convert. However, SAFE notes can convert with any dollar amount in a preferred cycle. Going without a qualifying...
This is especially true when a large number of stipulations are attached to any agreement. Because of the simplicity of a SAFE note, there are fewer points to negotiate over, keeping everything clear and easy to discuss.5) Equity Conversion AvailableInvestors still have the ability to convert ...
Fully understand the terms of SAFE notes, including valuation caps, discounts, pro rata rights, and conversion triggers. Set realistic valuation caps that are justifiable and in line with market norms to avoid complications in future funding rounds. ...
of Student.WhichStudentIsSmaller) be matched to the two arguments to the delegate's constructor? The compiler knows that I am creating a delegate, and it parses the delegate's arguments into the object (Student) and the method (whichStudentIsSmaller), then the comp...
NoteTo check all blogs, head over toBlogs Mission While there is a lot of talk about the need to train AI models that are safe, robust, and fair - few tools have been made available to data scientists to meet these goals. As a result, the front line of NLP models in production syst...
Conversion Safety and switch Consider the following example, which contains twoswitchstatements. The compiler generates an error for the firstswitchstatement: float f = 100.01f; switch (f) {// error: the switch statement does not cover // all possible input values case int i -> System.out....
Note: icons[n].src it's the public relative path where the Safe will try to load your app icon. For this example, it should behttps://yourAppUrl/myAppIcon.svg. We are following theManifest specso you can find more info about how to fill theiconsfield there. ...
A simple converter which converts pytorch bin files to safetensor, intended to be used for LLM conversion. - Silver267/pytorch-to-safetensor-converter