Click here to use the Cooley GO Docs Y Combinator Safe Financing Documents Generator
This document is intended only for US companies.
Startup accelerator Y Combinator (commonly referred to simply as “YC”) released a set of financing documents (referred to as “Safe”, or “Simple Agreement for Future Equity”). They come in a few different flavors, all of which we present. You should review YC’s Safe Primer to familiarize yourself with the features of each document and other terms.
Note that we were not involved in the preparation of these forms and are not necessarily endorsing any form, or the use of those forms either generally or in any specific instance, since all have their pros and cons, and are just one organization’s opinion of what is, or what should be, a “market” standard document. We recommend that you get advice from a lawyer to help you understand the meaning of the documents, how they may impact you, which forms are appropriate for your company, etc. But if you know what you want to do, we think you and your attorney should have a simple way of generating the documents.
YC includes the following disclaimer to accompany the documents: “Needless to say, YC does not assume any responsibility for any consequence of using these documents.”
Cooley LLP does not assume any responsibility for any consequence of your use of this document. Cooley LLP does not endorse or recommend the use of these default values or the documents themselves. Deal terms should be negotiated based on your specific circumstances. You are responsible for ensuring that all necessary securities filings, if any, are prepared and filed. You should consult with an attorney before relying on any legal documents, especially if you don’t understand any of their terms. Review carefully and use at your own risk.
Also note that the documents were designed for companies incorporated in Delaware.