@its_melaniegonzalez: A SAFE note is Simple Agreement for Future Equity. Key word: FUTURE! When you write a check into a SAFE, you actually don’t get shares. You don’t get equity. So technically you don’t own a piece of the company! Well, yet. What you do have is a right to convert into equity when the founder raises again at a priced round. But until then, you’re techncially not on the cap table and not an investor in the company. When the conversion finally happens, your valuation cap determines your price per share. The lower your cap, the cheaper your price, the more equity you get! The majority of the times on much better terms than those that get in later on the priced round!! #investing #wealth #entrepreneurship #womeninbusiness #fintok