Extraordinary times call for extraordinary financing instruments. SAFE is an acronym; it stands for “simple agreement for future equity.” Under SAFE agreements, as with most startup financing arrangements, an investor gives a company cash in exchange for a stake in the company. Goodwin’s Michael Bison, a partner in the firm’s Technology and Life Sciences groups and the Life Sciences and Capital Markets practice, discusses how investors typically put a cap on SAFE notes and what removing the valuation cap could mean to entrepreneurs. Read the article in STAT here.
In The Press April 08, 2020