Photo by Austin Distel on Unsplash What is a SAFE? A Simple Agreement for Future Equity (SAFE) is a financing contract between a startup and an investor. First introduced by Y Combinator in 2013, SAFEs were designed as a simpler, founder-friendly alternative to convertible notes. Unlike debt instruments, SAFEs do not accrue interest or have a maturity date. Instead, they give investors the right to equity when a triggering event occurs, typically a priced equity financing or company sale....