name: YC Post-Money SAFE — Discount
category: safes
description: Y Combinator's Post-Money SAFE (Simple Agreement for Future Equity) with a discount rate and no valuation cap.
source_url: https://www.ycombinator.com/documents
version: '2024.12'
license: CC-BY-ND-4.0
allow_derivatives: false
attribution_text: >-
  Based on the Y Combinator Post-Money SAFE, available at https://www.ycombinator.com/documents. Licensed under CC BY-ND
  4.0. Copyright Y Combinator.
source_sha256: 93d606fc568e39673ab96c581850ece30b4f478972b7b4d4d132df695264b5a5
fields:
  - name: company_name
    type: string
    description: Full legal name of the company
    section: Parties
  - name: investor_name
    type: string
    description: Full legal name of the investor
    section: Parties
  - name: purchase_amount
    type: string
    description: Dollar amount of the investment (e.g., "100,000")
    section: Deal Terms
  - name: discount_rate
    type: string
    description: Discount rate as a percentage, expressed as 100 minus the discount (e.g., "80" for a 20% discount)
    section: Deal Terms
  - name: date_of_safe
    type: date
    description: Date the SAFE is executed
    section: Deal Terms
  - name: state_of_incorporation
    type: string
    description: State where the company is incorporated (e.g., "Delaware")
    section: Company Details
  - name: governing_law_jurisdiction
    type: string
    description: State whose laws govern the agreement (e.g., "Delaware")
    section: Company Details
  - name: company
    type: string
    description: Company name as used in the signature block (typically matches company_name)
    section: Signatures
  - name: company_name_caps
    type: string
    description: Company name in uppercase as used in the header (e.g., "ACME INC.")
    section: Signatures
  - name: name
    type: string
    description: Name of the company signatory
    section: Signatures
  - name: title
    type: string
    description: Title of the company signatory (e.g., "CEO")
    section: Signatures
priority_fields:
  - company_name
  - investor_name
  - purchase_amount
  - discount_rate
  - date_of_safe
  - state_of_incorporation
  - governing_law_jurisdiction
  - company
  - company_name_caps
  - name
  - title