What Future Events Trigger SAFE Conversion into Equity for Investors?
Start-up capital flows increasingly through Simple Agreements for Future Equity (SAFEs), yet many late-stage decision makers still misunderstand the moment at which those promises morph into real shares. The investors and start-ups are increasingly favoring SAFEs in the pre-Seed investment ecosystem (which featured in 91% of Q1 2025’s pre-Seed deals) over notes. The vast majority …