Lissafin rarrabuwar SAFE & teburin hannun jari
Ƙara masu hannun jarinka, SAFEs ɗinka da zagayen da aka ƙayyade farashi don ganin wa ya mallaki me bayan canzawa – sannan ka sauke teburin hannun jari a matsayin Excel (XLSX) ko CSV.
Tsari mai sauƙaƙe na YC post-money SAFE: kowane SAFE yana mallakar adadi ÷ cap na kamfanin kafin zagayen da aka sa wa farashi (ko adadi ÷ pre-money idan an sa wa zagayen farashi ƙasa da cap). Ana ƙirƙirar sabon pool kafin sabon kuɗi (a cikin pre-money), don haka yana rage hannun jarin masu riƙewa na yanzu kawai. Ba a la'akari da rangwame, MFN da haƙƙoƙin pro-rata. Ba shawarar shari'a ko haraji ba ce. Ragi yana canza SAFE a mafi ƙanƙanta tsakanin iyakar da farashin zagayen bayan an cire ragin.
Yadda yake aiki
Shigar da masu hannun jari na yau
Waɗanda suka kafa, maʼaikatan farko da tafkin zaɓuɓɓuka da ke akwai, a hannun jari.
Ƙara kowane SAFE
Adadi, iyakar ƙimar post-money da ragi na zaɓi – ƙara layuka nawa kake buƙata.
Bayyana zagayen da aka ƙayyade farashi
Ƙimar pre-money, sabon kuɗi da sabon tafkin zaɓuɓɓuka.
Karanta ka fitar da teburin hannun jari
Mallaka bayan canzawa da bayan zagayen – sauke shi a matsayin Excel ko CSV.
Saka wannan lissafin rarrabuwar safe & teburin hannun jari a gidan yanar gizonku (kyauta)
Kwafi lambar cikin shafinku ko rubutun blog ɗinku. Kayan aikin yana gudana a cikin burauzar baƙinku; ku bar layin yabo.
Kuna tara kuɗi da SAFE? Nuna wa masu zuba jari ɗakin bayanai, ba haɗe-haɗe ba
Raba gabatarwarku a matsayin hanyar haɗi mai bin diddigi ku ga waɗanne masu zuba jari ne suka karanta ta, sannan ku buɗe ɗakin due diligence da NDA kafin shiga – farashi ɗaya.
Tara SAFE da yawa yana kama da babu ciwo saboda babu abin da ke faruwa har sai zagayen da aka sa wa farashi – sannan dukansu suna juyawa a lokaci ɗaya. Tsara juyawar kafin ƙara tara kuɗi da SAFE yana hana abubuwan mamaki a Series A.
Yadda SAFEs na post-money ke canzawa
SAFE na post-money yana sayen ƙayyadadden kaso na kamfanin: adadi ÷ iyakar ƙimar post-money. SAFE na $500,000 mai iyakar $8M yana mallakar 6.25% kafin zagayen da aka ƙayyade farashi. SAFEs masu ragi suna canzawa a mafi ƙanƙanta tsakanin iyakar da farashin zagayen bayan an cire ragin. Duk SAFEs suna canzawa tare a zagayen da aka ƙayyade farashi, sannan sababbin masu saka jari da sabon tafkin zaɓuɓɓuka (option pool) suna rage kason kowa – shi ya sa ake rage kason waɗanda suka kafa sau biyu. Tara SAFEs da dama yana taruwa da sauri: SAFEs uku na 6% kowanne tuni suna ɗaukar 18% kafin Series A.
Amfani da samfurin teburin hannun jari
- Shigar da hannun jari bisa cikakken rarrabuwa (fully diluted): hannun jarin da aka bayar tare da duk zaɓuɓɓukan da aka ba da da waɗanda ba a raba ba.
- Saukewar Excel tana kiyaye kaso a matsayin dabarun lissafi, don haka za ka iya canza yawan hannun jari ka ƙara layuka daga baya.
- Yi kwaikwayon yanayi kaɗan – pre-money mafi ƙanƙanta, tafki mafi girma – kafin ka tattauna.
- Ainihin canje-canje sun dogara da takamaiman sharuɗɗan SAFE (MFN, pro-rata, maʼanar jarin kamfani): duba teburin hannun jari na ƙarshe tare da lauyanka.
Na gaba: duba zagayen da lissafin ƙima da runway ɗinka da lissafin burn rate.
Misali
Waɗanda suka kafa biyu suna riƙe da hannun jari 9M kuma tafkin da ke akwai 1M. SAFE na $500k a iyakar $8M da SAFE na $250k a iyakar $12M mai ragin 20% suna canzawa a Series A da ke tara $5M a $20M pre-money tare da sabon tafki na 10%. Waɗanda suka kafa biyun suna ƙarewa da kusan 58% tare – teburin yana nuna hannun jari da kaso na kowane mai riƙewa kafin da bayan.
Lissafin rarrabuwar SAFE & teburin hannun jari – tambayoyi
Menene post-money SAFE?
Ma'aunin YC tun 2018: valuation cap yana haɗa da dukan SAFE, don haka mallakar kowane mai riƙe da SAFE kafin zagayen da aka sa wa farashi kawai adadi ÷ cap ne.
Me yasa ake rage hannun jarin waɗanda suka kafa sau biyu?
Sau ɗaya lokacin da SAFE suka juya kuma sake ta sababbin masu zuba jari da option pool da aka ƙirƙira a zagayen – wannan lissafi yana nuna duka biyun.
Shin wannan daidai ne?
Tsari ne mai sauƙaƙe; ba a la'akari da rangwame, sassan MFN da haƙƙoƙin pro-rata. Ku duba cap table ɗinku tare da lauyanku.
Zan iya fitar da teburin hannun jari zuwa Excel?
Eh – “Download cap table (Excel)” yana ba da fayil ɗin .xlsx mai kowane mai riƙewa, yawan hannun jari kafin da bayan zagayen da kason mallaka a matsayin dabarun lissafi; “Download CSV” yana aiki a kowace manhajar takardar lissafi.
SAFEs da masu hannun jari nawa zan iya ƙarawa?
Har zuwa 30 na kowanne. Ƙara layuka da maɓallan kuma cire su da ×.