Reads like, but isn’t anything like a SAFE. A SAFE converts at a discount (20%?)...

throwaway243711 on May 15, 2020 | parent | context | favorite | on: Earnest Capital Trailhead

Reads like, but isn’t anything like a SAFE. A SAFE converts at a discount (20%?), a convertible note converts including an interest rate (7% annually?), a SEAL converts at 3-5x investment amount.