Web21 sep. 2024 · KISS is automatically converted when the company is valued no less than $1M on the Equity round. The conversion takes place as usual — at the lowest price per … Web21 nov. 2024 · There are two types of KISSes. Similar to Convertible Note - A debt version which has maturity date and an interest rate. Similar to SAFE note - An equity version which doesn't have a maturity ...
Startup Financing 101: How SAFEs and Convertible Notes Work - YouTube
WebA convertible note is debt, while a SAFE is a convertible security that is not debt. As a result, a convertible note includes an interest rate and maturity rate, while a SAFE does not. A SAFE is simpler and shorter than most convertible notes. Both SAFEs and convertible notes convert into equity in a future priced equity round; a convertible note … Web6 sep. 2024 · Since convertible notes aren’t as standardized, the payout options are more variable, but 2x payouts are relatively common. Maturity Dates in Convertible Notes. Since SAFE notes have no maturity dates, this is only a concern with convertible notes. The maturity date for convertible notes is usually 18 to 24 months after the closing date. lampara ole
SE Asia Convertible Loan Agreement Template - kindrik.sg
Web17 apr. 2024 · Since a KISS accrues interest at a defined rate (usually 5%) and because it also has a maturity date (usually 18 months), the KISS has similarities to a convertible … WebConvertible loan Description: This is a simple convertible loan agreement intended to be used when a shareholder lends money to a company in SE Asia, generally as a form of bridging finance until an expected event takes place (e.g. the signing of a large commercial agreement or a capital raising round). Keywords Web16 feb. 2024 · A Simple Agreement for Future Equity (SAFE) note is a simpler alternative to convertible notes. While they address several problems found in convertible notes, they come with their own issues. In 2013, Y Combinator, a Silicon Valley accelerator, created the SAFE note for the purpose of drafting a 5-10 page document that outlined each investment. lampara olight 4200 lumens