name: YC Post-Money SAFE — Valuation Cap
category: safes
description: >-
  Y Combinator's Post-Money SAFE (Simple Agreement for Future Equity) with a valuation cap and no discount. The most
  common early-stage investment instrument.
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: 185d24f5bcf13acdf1419bf1d420771088da5dea3b3f3e0cdc7fa5df643649c4
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: valuation_cap
    type: string
    description: Post-money valuation cap in dollars (e.g., "10,000,000")
    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: 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
  - valuation_cap
  - date_of_safe
  - state_of_incorporation
  - governing_law_jurisdiction
  - company
  - name
  - title