Post-money SAFE: your ~1.25% ownership is fixed at signing and protected from dilution by the other notes in this round. MFN ensures you receive any better terms offered to other investors in this round. Pro Rata right lets you maintain your percentage in the next priced round.
Caffevolve™ is a patent-pending intelligent caffeine management platform that delivers a personalized bean blend recommendation to an innovative dual-hopper device to brew perfectly — for each cup of your day. The platform scales across a family of licensed devices, from entry-level consumer to commercial café and office deployments.
Summary of proposed terms for discussion purposes. Not an offer to sell securities.
A SAFE (Simple Agreement for Future Equity) is not a loan and carries no interest rate or maturity date. It represents the investor's right to receive equity in the Company at a future date, typically upon the Company's next priced equity financing round. This offering uses the post-money, valuation-cap-only SAFE format, which is the current market standard for pre-seed financings of this size.
The valuation cap sets the maximum price per share at which the SAFE will convert into equity, regardless of the valuation set in a future financing round. This protects early investors from full dilution if the Company's valuation increases significantly before the SAFE converts.
This term sheet summarizes proposed terms for discussion and is not a binding agreement, an offer to sell securities, or a solicitation of an offer to buy securities. The definitive terms of any investment will be set forth in a final SAFE agreement, to be reviewed by counsel for both the Company and each investor prior to execution. All figures and terms above are subject to change until definitive documents are signed.