Free Securities Templates

This Y Combinator SAFE grants an investor the right to future equity in a company without a valuation cap or discount, featuring a Most Favored Nations (MFN) clause. It is used for early-stage startup funding where the investor's SAFE will convert to preferred stock during a subsequent equity financing round.

This Simple Agreement for Future Equity (SAFE) provides an investor with the right to future shares in a company based on a fixed **post-money valuation cap** without a discount rate. It converts the purchase amount into equity during a future financing round or entitles the investor to proceeds during a liquidity event.

The Y Combinator SAFE: Valuation Cap, No Discount (US) is designed to let startups raise early capital by granting investors the right to future equity at a capped valuation, without offering any additional discount at conversion. Unlike other SAFEs, this version excludes the percentage discount mechanism (which normally gives investors shares at a reduced price), relying only on the valuation cap to protect investors. It is part of Y Combinator’s widely adopted library of open, lawyer-vetted standard financing documents.

This management rights letter grants venture capital investors specific contractual rights to participate in or influence a portfolio company's management. It is primarily used to help venture funds qualify as a **Venture Capital Operating Company (VCOC)** under ERISA regulations, ensuring they can manage pension plan assets without falling foul of strict fiduciary rules.

This template provides registration rights to investors in a PIPE financing, requiring the company to file a registration statement with the SEC for the resale of shares. It includes provisions for liquidated damages, indemnification, and specific timelines for effectiveness.

This template is a pre-funded warrant for US issuers, typically used in **Private Investment in Public Equity (PIPE)** financings where the holder prepays the majority of the exercise price. It provides for a nominal residual exercise price, cashless exercise mechanisms, and a 4.99% beneficial ownership limit.

This template is a securities purchase agreement for private investments in public equity (PIPE) involving foreign private issuers. It facilitates the sale of ordinary shares, American Depositary Shares (ADSs), or warrants to institutional investors under SEC registration exemptions. The document includes detailed representations regarding regulatory compliance, financial reporting, and the legal status of securities in non-U.S. jurisdictions.

This template provides a standard instrument for a US corporation to grant an investor the right to purchase common stock at a set price. It includes sophisticated provisions for **cashless exercise**, anti-dilution adjustments, and a 4.99% or 9.99% beneficial ownership cap.

This document is a **Simple Agreement for Future Equity (SAFE)** used for early-stage startup financing. It allows an investor to provide capital in exchange for the right to receive equity in the future upon a specific triggering event, such as a formal funding round or company sale.