Angel InvestmentStartup Ecosystem
Why the valuation cap on your SAFE matters more than anything else in it
A SAFE feels simple until it converts, and by the time most founders understand what the valuation cap actually meant, the dilution has already happened. The cap is not a formality in the document. It is the number that determines how much of your company you actually gave away, and getting it wrong at the pre-seed stage can follow you through every round that comes after.
Irfan2d ago2 min read
