Once we reach $50,000 in pledges, we will be issuing SAFEs to all investors through our crowdfunding campaign. Investors will receive a SAFE with a $3.1M valuation cap on the first $50,000 investment and a $3.5M valuation cap thereafter.

Forward-looking projections cannot be guaranteed.

What is a SAFE? It is a future equity agreement that gives you the right to future shares in the company.

What is a valuation cap? It sets a maximum valuation at which your investment will convert to equity. It protects early investors by ensuring that if the company becomes very valuable before they convert their investment into shares, they’ll still get equity at a favorable price.

1. Let’s say you invest $10,000 in a startup using a SAFE with a $5 million valuation cap.
2. A year later, the startup raises a priced round at a $10 million valuation.
3. Because of your valuation cap, your $10,000 converts as if the company were worth $5 million, not $10 million—so you get more shares for your money.

You can learn more about SAFEs here: YC Safe Financing Documents | Y Combinator