Official Y Combinator Safe Financing Documents

Here's Y Combinator's official website for safes (simple agreement for future equity) and other templates, such as term sheets and sales agreements. It contains YC's latest safe version, the post-money safe. The previous version, the pre-money safe, is still widely used. You can download all unmodified official YC safe templates here. They can be issued, converted and managed in the Captable.io's Ownership > Convertible Instruments view.

Post-money safes

  • Post Money Safe User Guide
  • Valuation Cap, no Discount
  • Valuation Cap and Discount
  • Discount, no Valuation Cap
  • MFN, no Valuation Cap, no Discount
  • Pro Rata Side Letter

Pre-money safes

  • Safe Primer (user guide)
  • Valuation Cap, no Discount (the "standard" version)
  • Valuation Cap and Discount
  • Discount, no Valuation Cap
  • MFN, no Valuation Cap, no Discount

Beyond these standard safes versions, YCVC funds also invests via a special YCVC safe. If this is applicable to your YC batch, you can find this template on Bookface or by contacting YC.

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