Postmoney Safe (Seed) Share Subscription - Valuation Cap and Discount
Publisher one
YCombinatorSource file
Jurisdiction
United StatesContract party
Relevant sectors
Type of legal document
💰 Seed Investment AgreementBusiness activity
Raise equity investmentA seed investment agreement is a legal contract between an investor and a startup company that outlines the terms of the investment. The agreement will typically cover the amount of the investment, the ownership stake that the investor will receive, and the rights and responsibilities of both parties.
This legal template likely pertains to a post-money safe agreement for seed stage startup investments in the UK. A post-money safe, short for Simple Agreement for Future Equity, is a financial instrument used in early-stage startup funding. This specific template includes provisions related to the valuation cap and discount applied to the shares issued to investors.
The valuation cap refers to the maximum pre-established value at which an investor can convert their investment into shares upon a future funding round, regardless of the actual valuation at that time. This cap protects investors from potential excessive dilution and ensures they receive a fair return on their investment.
The discount provision allows investors to purchase shares at a reduced price compared to the valuation determined in a subsequent funding round. This discount ensures investors receive a financial advantage for investing in the early stages of the startup.
Being under UK law, the template is likely tailored to comply with the legal requirements and regulations specific to the UK jurisdiction. It may provide clarity on the rights, responsibilities, and obligations of both the startup and the investor related to the valuation cap, discount, and the issuance of shares.
The valuation cap refers to the maximum pre-established value at which an investor can convert their investment into shares upon a future funding round, regardless of the actual valuation at that time. This cap protects investors from potential excessive dilution and ensures they receive a fair return on their investment.
The discount provision allows investors to purchase shares at a reduced price compared to the valuation determined in a subsequent funding round. This discount ensures investors receive a financial advantage for investing in the early stages of the startup.
Being under UK law, the template is likely tailored to comply with the legal requirements and regulations specific to the UK jurisdiction. It may provide clarity on the rights, responsibilities, and obligations of both the startup and the investor related to the valuation cap, discount, and the issuance of shares.
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