02、投资前或投资后估值上限(Pre-Money / Post-Money Valuation Cap) 上文所阐述的估值上限严格来说应该叫投资后估值上限(Post-Money Valuation Cap),即估值上限对应的是以后续向投资人B融资后所确定的公司估值,因此签订投资后估值上限的SAFE投资人在股权转换时能获取的股权份额是相对比较确定的。需要注意的是,公司...
(Pre-Money / Post-Money Valuation Cap) 上文所阐述的估值上限严格来说应该叫投资后估值上限(Post-Money Valuation Cap),即估值上限对应的是以后续向投资人B融资后所确定的公司估值,因此签订投资后估值上限的SAFE投资人在股权转换时能获取的股权份额是相对比较确定的。需要注意的是,公司接受投资的行为本身就会造成公...
(Pre-Money / Post-Money Valuation Cap) 上文所阐述的估值上限严格来说应该叫投资后估值上限(Post-Money Valuation Cap),即估值上限对应的是以后续向投资人B融资后所确定的公司估值,因此签订投资后估值上限的SAFE投资人在股权转换时能获取的股权份额是相对比较确定的。需要注意的是,公司接受投资的行为本身就会造成公...
Post-money SAFE 指的是在估值之后进行融资。与传统的SAFE协议不同,传统SAFE协议是在估值之前进行融资的。 引入这些资产的目的是为了让创始人更容易理解他们所采取的稀释措施。与之前使用的pre-money SAFE相比,Post-money SAFE更容易理解,并且两者定价公式相同。例如,如果Pre-money估值为500万美元,筹集了100万美元,则...
What Is the Difference Between “Pre-Money” and “Post-Money” Valuation Cap SAFEs? The difference is how you calculate the “company capitalization”—the denominator in the above calculation of the SAFE price—at the time the SAFE converts. While the most common SAFEs in the marketplace ...
If you raise $1M with the same post-money valuation cap, that number rises to 20%. The lesson for founders: Pay close attention to how much future equity you’re giving up when raising money with SAFEs. SAFEs vs. Convertible Notes: How to Choose SAFEs were introduced as a direct ...
On the right however, you can see that the Post Money SAFE converts at the valuation cap you agreed with the SAFE investorminus the value of any existing SAFEs and other outstanding convertibles, so in this example that would be at a £1.8 million valuation. ...
Post-money valuationis the value of a company after external funding takes place. Post-money valuation includes all outside financing or capital injection. When a business issues additional SAFE notes, the equity moves further from the original valuation cap, leading to a large gap between the pr...
Be prepared for potentially challenging negotiations in later rounds due to deferred valuation decisions. Be aware of how multiple SAFEs can dilute your equity. Regularly update and review your cap table, especially after each round of SAFE notes, to keep track of potential ownership changes. ...
What Is a Pre-Money vs. Post-Money SAFE? Pre-money and post-moneySAFEs differ in how the company’s value is determined in a SAFE investment. For a pre-money SAFE, the valuation cap is set before including the amount raised in the SAFE round, which can lead to a greater dilution fo...