Both convert into equity later. One is debt, with interest and a maturity date. A side-by-side comparison with a worked example.

How 1x, 2x and participating preferences split the same exit, with worked numbers, and the terms founders should push back on.

Investors start from the exit and work backwards. Here is the math behind your valuation, with a worked example and what it…

SAFEs feel free until your priced round. A worked example of three SAFEs converting, and how to keep track of what you…

Fees to pitch, no references, pressure to sign fast. The warning signs of fake and bad investors, and a 15-minute check to…