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G/YCombinator-SAFE-2020/Form/Cap-NoDiscount
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v1-1.md
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Note.Title
=
Simple Agreement for Future Equity - Post Money Valuation Cap
BusinessNote
=
This is a Cap, No Discount form. It extends the Base form (see below, at the bottom).
Intro.7.sec
=
The “{
DefT.Post-Money_Valuation_Cap
}” is {
Post-MoneyValueCap.$
}.
Event.Equity.1.ConversionTarget.cl
=
the greater of: (1) the number of shares of {
_Standard_Preferred_Stock
} equal to the {
_Purchase_Amount
} divided by the lowest price per share of the {
_Standard_Preferred_Stock
}; or (2) the number of shares of {
_Safe_Preferred_Stock
} equal to the {
_Purchase_Amount
} divided by the {
_Safe_Price
}
Event.Equity.2.ConversionTarget.cl
=
{
_Standard_Preferred_Stock
} or {
_Safe_Preferred_Stock
}
Def.Safe_Preferred_Stock.ReferencePrice.cl
=
{
_Safe_Price
}
CodersNote
=
Is this an intended difference or an accidental variation?
Def.sec
=
{
Def.Capital_Stock.sec
}
{
Def.Change_of_Control.sec
}
{
Def.Company_Capitalization.sec
}
{
Def.Converting_Securities.sec
}
{
Def.Direct_Listing.sec
}
{
Def.Dissolution_Event.sec
}
{
Def.Dividend_Amount.sec
}
{
Def.Equity_Financing.sec
}
{
Def.Initial_Public_Offering.sec
}
{
Def.Liquidity_Capitalization.sec
}
{
Def.Liquidity_Event.sec
}
{
Def.Liquidity_Price.sec
}
{
Def.Options.sec
}
{
Def.Proceeds.sec
}
{
Def.Promised_Options.sec
}
{
Def.Safe.sec
}
{
Def.Safe_Preferred_Stock.sec
}
{
Def.Safe_Price.sec
}
{
Def.Standard_Preferred_Stock.sec
}
{
Def.Unissued_Option_Pool.sec
}
=
[G/YCombinator-SAFE-2020/Form/Base/v1-1.md]
CodersNote
=
Is this an intended difference or an accidental variation from the Cap and MFN variety?
Def.Standard_Preferred.the/a
=
a
Note
=
US Tweaks.
=
[G/YCombinator-SAFE-2020/Form/Z/US-Tweaks.md]
/Docs/G/YCombinator-SAFE-2020/Form/Cap-NoDiscount/v1-1.md