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Y Combinator standard · all variants

Generate a SAFE. YC standard. Both versions.

The Simple Agreement for Future Equity (SAFE) is the standard early-stage investment instrument. Y Combinator publishes the canonical forms (post-money since 2018, pre-money for older convertibles). We generate clean SAFEs for both versions with the four standard configurations: valuation cap only, discount only, valuation cap + discount, MFN (most-favored-nation) only. Includes side letter for advisor SAFEs.

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How it works

How we handle SAFE Generator, end-to-end.

The Simple Agreement for Future Equity (SAFE) is the standard early-stage investment instrument.

1

Pick post-money or pre-money

Post-money SAFE (YC standard since 2018) gives investors a fixed percentage of post-money ownership. Pre-money SAFE (older standard) gives investors a fixed dollar amount, with dilution shared with founders. Most new SAFEs use post-money.

2

Pick the variant

Valuation cap only (most common), discount only (rare), valuation cap + discount (very common), MFN only (rare, used for advisor or strategic SAFEs).

3

Configure key terms

Investor name, investment amount, valuation cap, discount rate (typically 0-20%), pro rata side letter if applicable.

4

Issue and sign

Generated SAFE delivered as PDF and Word. Optional e-sign workflow. Signed SAFE goes to your data room with cap table impact pre-calculated.

What we'll set up for you

A clean handoff, in four steps.

You give us the basics. We handle the state, the IRS, and the compliance clock so you can focus on the business.

01 · Name + Brand

A name that's actually available.

Real-time check against the state register, USPTO trademark database, and matching domains.

02 · State filing

Filed with the Secretary of State.

We submit your Articles, pay the state fee on your behalf, and return the stamped certificate.

03 · Federal IDs

EIN + the right tax setup.

Federal Employer ID with the IRS, plus state tax accounts when your business needs them.

04 · Stay compliant

Registered Agent + deadline tracking.

Your agent on file in every state, with every renewal and annual report tracked in one calendar.

Pricing

Transparent safe generator pricing.

Government fees pass through at cost. No upsells.

E-sign

$29
Per signature, with vault.

Generated SAFE plus e-sign workflow, tracking, vault storage. Cap table impact pre-calculated and stored alongside.

Get started

Cap Table Bundle

$299
Unlimited SAFEs + cap table.

Unlimited SAFE generation plus our cap table tool. Each SAFE automatically updates your cap table with conversion modeling at multiple priced-round scenarios.

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FAQ

About the SAFE Template Generator.

What is a SAFE?
Simple Agreement for Future Equity. Created by Y Combinator in 2013 as a simpler alternative to convertible notes. SAFE converts to equity at a future priced round (Series A typically). Not a loan, no interest, no maturity date.
Post-money or pre-money SAFE?
Post-money (YC standard since 2018) gives investors a fixed percentage of post-money ownership. Pre-money (older standard) gives investors a fixed dollar amount with dilution shared with founders. Most new SAFEs use post-money; founders should understand the dilution math before signing either.
What is a valuation cap?
Maximum effective valuation at conversion. If your priced round is at $40M valuation but the SAFE has a $20M cap, the investor converts as if the valuation were $20M (more shares, more dilution for founders). Lower cap = more dilution.
What is a discount?
Discount to the priced-round per-share price. Common: 10-20%. If the priced round is at $10/share with a 20% discount, the SAFE converts at $8/share. Stacks with valuation cap (investor gets the better of the two).
What is MFN?
Most-favored-nation clause: if a later SAFE has better terms, the earlier SAFE updates to match. Common for advisor SAFEs (advisor accepts no cap and no discount but gets MFN, ensuring they match the best terms in the round).
Does the investor get any rights besides conversion?
Standard SAFE: no information rights, no board seat, no pro rata. Lead investors often want a pro rata side letter (right to participate in future rounds). Strategic investors may want information rights or a board observer. Each is a separate side letter.
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