What Is a Convertible Note? Terms, Math and Limits
A convertible note is debt that converts into equity at the next priced round. Here are the terms that matter, the conversion math, and when a SAFE is the better call.
Journal · #pre-seed
3 articles tagged "pre-seed".
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What Is a SAFE Note? Caps, Dilution and Terms in 2026
A SAFE note converts cash into future equity with no interest or maturity. Here is how caps, discounts and stacking set your dilution, with 2026 market data.
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Pre Seed vs Seed Funding: What Changes at Each Round
Pre seed vs seed funding, measured: typical round sizes, valuation ranges, investor types and the traction each stage requires for AI startups in 2026.
