Safes & Convertible Notes: What’s the Difference?

It’s back to basics with a review of investment vehicles commonly used in Venture Capital, starting the Convertible Notes and Safes (Simple Agreement for Future Equity). Functionally, convertible notes provide investors with interest returns on debt instruments, while SAFEs are warrants to purchase shares in the future at a set price. Gillian and Anne explain when to fund with either one, with details on upsides and down for each.