Startup Seed Financing Process: Convertible Notes and SAFEs | Practical Law
This Practice Note describes the process of the seed round of financing for early-stage startup companies using non-equity instruments to raise capital from angel investors, friends, and family. This Note explains the seed financing process for startups using convertible notes (also referred to as convertible promissory notes, bridge notes, or convertible debt) and simple agreements for future equity (SAFEs).