Isibali sokuhlakazeka kwe-SAFE ne-cap table
Engeza abanikazi bamasheya bakho, ama-SAFE akho nomzuliswano onenani ukuze ubone ukuthi ngubani ophethe ini ngemva kokuguqulwa – bese udawunilode i-cap table njenge-Excel (XLSX) noma i-CSV.
Imodeli eyenziwe lula ye-YC post-money SAFE: i-SAFE ngayinye iphethe inani ÷ i-cap yenkampani ngaphambi komjikelezo onenani (noma inani ÷ inani langaphambi kwemali uma umjikelezo unenani elingaphansi kwe-cap). I-pool entsha idalwa ngaphambi kwemali entsha (enanini langaphambi kwemali), ngakho yehlisa kuphela abanamasheya abakhona. Izaphulelo, i-MFN namalungelo e-pro-rata akunakwa. Akusona iseluleko sezomthetho noma sentela. Isaphulelo siguqula i-SAFE ngenani eliphansi phakathi kwe-cap nenani lomzuliswano kususwe isaphulelo.
Indlela okusebenza ngayo
Faka abanikazi bamasheya banamuhla
Abasunguli, abasebenzi bokuqala ne-option pool ekhona, ngamasheya.
Engeza yonke i-SAFE
Imali, i-post-money valuation cap nesaphulelo sokuzikhethela – engeza imigqa eminingi njengoba udinga.
Chaza umzuliswano onenani
I-pre-money valuation, imali entsha ne-option pool entsha.
Funda bese uthumela ngaphandle i-cap table
Ubunikazi ngemva kokuguqulwa nangemva komzuliswano – kudawunilode njenge-Excel noma i-CSV.
Shumeka le isibali sokuhlakazeka kwe-safe ne-cap table kuwebhusayithi yakho (mahhala)
Kopisha ikhodi uyifake ekhasini lakho noma okuthunyelwe kwebhulogi. Ithuluzi lisebenza esipheqululini sezivakashi zakho; gcina umugqa wokubonga.
Uqoqa imali ngama-SAFE? Khombisa abatshalizimali igumbi ledatha, hhayi okunamathiselwe
Yabelana nge-deck yakho njengesixhumanisi esilandelelwayo bese ubona ukuthi yibaphi abatshalizimali abayifundile, bese uvula igumbi lokuhlolisisa ene-NDA ngaphambi kokufinyelela – intengo eyodwa efanayo.
Ukunqwabelanisa ama-SAFE kuzwakala kungabuhlungu ngoba akukho okwenzekayo kuze kube umjikelezo onenani – bese onke eguqulwa ngasikhathi sinye. Ukulinganisa ukuguqulwa ngaphambi kokuqoqa imali eyengeziwe ngama-SAFE kugwema okungalindelekile ku-Series A.
Indlela ama-post-money SAFE aguquka ngayo
I-post-money SAFE ithenga iphesenti elimisiwe lenkampani: imali ÷ i-post-money valuation cap. I-SAFE engu-$500,000 ene-cap engu-$8M ingumnikazi wama-6.25% ngaphambi nje komzuliswano onenani. Ama-SAFE anesaphulelo aguquka ngenani eliphansi phakathi kwe-cap nenani lomzuliswano kususwe isaphulelo. Wonke ama-SAFE aguquka ndawonye emzuliswaneni onenani, bese abatshalizimali abasha ne-option pool entsha behlakaza wonke umuntu – yingakho abasunguli behlakazwa kabili. Ukunqwabelanisa ama-SAFE amaningana kwanda ngokushesha: ama-SAFE amathathu ngo-6% ngalinye asethatha ama-18% ngaphambi kwe-Series A.
Ukusebenzisa ithempulethi ye-cap table
- Faka amasheya ngesisekelo esihlakazeke ngokuphelele: amasheya akhishiwe kanye nawo wonke ama-option anikeziwe nangabelwanga.
- Ukudawuniloda kwe-Excel kugcina amaphesenti njengamafomula, ngakho ungashintsha amanani amasheya futhi wengeze imigqa kamuva.
- Yenza amamodeli ezimo ezimbalwa – i-pre-money ephansi, i-pool enkulu – ngaphambi kokuxoxisana.
- Ukuguqulwa kwangempela kuncike emigomeni eqondile ye-SAFE (MFN, pro-rata, incazelo ye-company capitalisation): hlola i-cap table yokugcina nommeli wakho.
Okulandelayo: hlola umzuliswano ngesibali se-valuation ne-runway yakho ngesibali se-burn rate.
Isibonelo
Abasunguli ababili baphethe amasheya angu-9M kanti i-pool ekhona ingu-1M. I-SAFE engu-$500k ene-cap engu-$8M ne-SAFE engu-$250k ene-cap engu-$12M nesaphulelo esingu-20% ziguquka ku-Series A eqoqa u-$5M ku-$20M pre-money ne-pool entsha engu-10%. Abasunguli ababili bagcina benamaphesenti acishe abe ngama-58% ndawonye – ithebula likhombisa amasheya nephesenti lomnikazi ngamunye ngaphambi nangemva.
Isibali sokuhlakazeka kwe-SAFE ne-cap table – imibuzo
Iyini i-post-money SAFE?
Izinga le-YC kusukela ngo-2018: i-valuation cap ihlanganisa wonke ama-SAFE, ngakho ubunikazi bomnikazi we-SAFE ngamunye ngaphambi komjikelezo onenani bumane bube yinani ÷ i-cap.
Kungani abasunguli behliselwa amasheya kabili?
Kanye lapho ama-SAFE eguqulwa futhi nangabatshalizimali abasha ne-option pool edalwe emjikelezweni – lesi sibali sikhombisa kokubili.
Ingabe lokhu kunembile?
Kuyimodeli eyenziwe lula; izaphulelo, imishwana ye-MFN namalungelo e-pro-rata akunakwa. Hlola i-cap table yakho nommeli wakho.
Ngingayithumela yini i-cap table ku-Excel?
Yebo – okuthi “Download cap table (Excel)” kunikeza ifayela le-.xlsx elinawo wonke umnikazi, amanani amasheya ngaphambi nangemva komzuliswano namaphesenti obunikazi njengamafomula; okuthi “Download CSV” kusebenza kunoma iluphi uhlelo lokusebenza lwe-spreadsheet.
Mangaki ama-SAFE nabanikazi bamasheya engingabengeza?
Kufika ku-30 kokukodwa. Engeza imigqa ngezinkinobho bese uyisusa ngo-×.