Announcing the Safe, a Replacement for Convertible Notes | Y Combinator

Paul Graham YC partner (and lawyer) Carolynn Levy has created a new alternative to convertible notes, called a safe, that has the advantages of convertible debt without some of the disadvantages.  We’re publishing a standard safe document for all startups to use, and we expect most future YC startups will use this when raising money. “Safe” comes from “Simple agreement for future equity.” Although the name is an acronym, we got tired of typing “SAFE” all the time when talking about it, and we’