Sample SAFE Agreement

SAFE Agreements Explained

The Simple Agreement for Future Equity or “SAFE” agreement has become a popular means of investing in early stage ventures. The SAFE was created in part by the team at Y Combinator in an effort to address the problems posed by attempting to assign a valuation to early stage ventures – lack of data, operating history, revenues, etc. The theory behind the SAFE goes, in part, that a future “priced” funding round will accurately set a startup’s valuation and the discount typically applied to the investment made through SAFE will, in turn, accurately reflect the true valuation at which the SAFE investment was made.

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Money Service Business Checklist

Money Service Business Checklist

In today’s regulated environment, registration as a Money Service Business with U.S. FinCEN is an absolute must (and likely legal requirement) for the following cryptocurrency industry players: Peer to peer Bitcoin and other cryptocurrency traders on sites like LocalBitcoins.com and Paxful.com; Over-The-Counter and “institution” Bitcoin and other cryptocurrency traders; Cryptocurrency custodians and other service providers; […]

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