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 the User Guide available on YC’s website 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.
Also note that the documents were designed for companies incorporated in Delaware.
Looking for a Singapore version? Check out our Y Combinator SAFE Financing Documents for Singapore companies.
YC includes the following disclaimer to accompany its Safe documents: “Needless to say, YC does not assume responsibility for the consequence of using any version of the safe or any other document found on our website.”
Cooley LLP, each entity affiliated with Cooley LLP including Cooley (UK) LLP and Cooley SG LLP* and the respective partners, employees and agents of the foregoing (collectively, “Cooley”) do not endorse or recommend the use of any default values or any document on CooleyGO.com, nor is Cooley expressing any opinion or recommendation of what is, or what should be, a “market” standard document. Deal terms should be negotiated based on your specific circumstances and the relevant documents should be tailored to meet the specific legal and commercial requirements of the contemplated transaction. Additional documents may be required for the contemplated transaction. Cooley assumes no responsibility for the contents of the documents provided on CooleyGO.com or any consequence of your use of any such documents. You are responsible for ensuring that all necessary securities filings and/or other legally required filings, if any, are prepared and filed. You should consult with an attorney licensed to practice in your jurisdiction as well as tax advisors before using or relying on any documents on CooleyGO.com, especially if you don’t understand any of their terms. Review carefully and use at your own risk. No document or information provided on CooleyGO.com constitutes or should be relied upon as legal advice.
*Cooley SG LLP (UEN/Registration No. T19LL1477F) is a licensed foreign law practice registered in Singapore under the Limited Liability Partnerships Act (Chapter 163A) with limited liability.