Decisions / High-intent surface
Pre-loaded agon
Should I Cap My SAFE?
The cap you write on the back of a napkin tonight is the ceiling every future investor will negotiate down from. Are you pricing the round you cannot yet justify, or letting an uncapped note hide the bill until conversion?
An uncapped SAFE lets investors share your upside without bounding it; a capped SAFE bounds it but forces a valuation conversation before you have one to defend. The cap you set today becomes the floor every later investor anchors against.
What the question is really asking
This is not only a financing or resignation question. It is a decision about leverage, timing, and how much uncertainty you can afford to carry.
- Should I cap my SAFE?
- capped vs uncapped SAFE
- what valuation cap to set on a SAFE
- post-money SAFE cap mechanics
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