$1.0M SAFE. $9M Post-Money Cap.
A standard post-money SAFE with no discount, no maturity date, and MFN provision. Pre-seed capital to fund 12 to 15 months of practitioner network activation, subscriber validation, and platform buildout.
$0.0M
Pre-Seed Raise
$0M
Post-Money Cap
0%
Investor Ownership
Pre-Seed SAFE Terms
The YC standard post-money SAFE. The most founder-friendly and investor-transparent instrument for early-stage financing. No hidden terms, no complex waterfall provisions.
Instrument
Post-Money SAFE
Raise Target
$1.0M
Valuation Cap
$9M post-money
Discount Rate
None
Maturity Date
None
Key Provisions
MFN + Pro-rata
Return Scenarios
Three scenarios modeled from validated unit economics. Each varies conversion rate and churn assumptions against a constant cost structure. Timeline to seed: approximately 15 months.
MOIC Range
0.0x to 0.0x
Timeline to Seed
~15 months
Exit MRR
$0K
Conversion Rate
0%
Active Subscribers
0
Projected Seed Valuation
$20M to $25M
MOIC at Seed
0.0x to 0.0x
Exit MRR
$0K
Conversion Rate
0.0%
Active Subscribers
0
Projected Seed Valuation
$25M to $35M
MOIC at Seed
0.0x to 0.0x
Exit MRR
$0K
Conversion Rate
0%
Active Subscribers
0
Projected Seed Valuation
$35M to $50M
MOIC at Seed
0.0x to 0.0x
Investor Rights
Every SAFE holder receives information rights, pro-rata rights, MFN protection, and structured reporting. You are not investing blind. You are investing with full visibility.
Information Rights
Monthly financial reports, quarterly board-level updates, annual audited financials, and real-time KPI dashboard access.
Pro-Rata Rights
Right to participate in future financing rounds to maintain your ownership percentage. Protects against dilution.
MFN Provision
If Mere issues future SAFEs with more favorable terms before conversion, your SAFE automatically receives those better terms.
Quarterly Updates
Structured investor updates covering key metrics, milestones achieved, upcoming priorities, and any material changes to the business.
Annual Audit
Full financial audit by an independent accounting firm, delivered within 120 days of fiscal year end.
Board Observer Rights
Major SAFE holders may attend board meetings in a non-voting observer capacity, subject to board approval.
Cap Table at Conversion
Post-money SAFE means pre-seed investors own a known 11.11% at conversion. No ambiguity, no complex math. Founders retain 83% collectively with full vesting schedules.
When Returns Are Realized
Pre-seed capital is growth capital. There are no interim distributions. All revenue is reinvested into subscriber acquisition, platform development, and network expansion. Returns are realized at conversion or exit.
No Interim Distributions
All revenue is reinvested during the pre-seed phase. The SAFE is an equity instrument, not a revenue-sharing arrangement. Distributions occur only at a liquidity event.
Conversion at Priced Round
Your SAFE converts to preferred equity at the next priced round (expected seed in ~15 months). At that point, you hold actual shares with liquidation preference and standard protective provisions.
Exit Scenarios
Returns are realized through acquisition, IPO, or secondary sale. The SAFE includes a liquidation preference that gives investors priority over common shareholders in a dissolution event.
Ready to Move Forward?
Contact Byung Kim directly to discuss the investment or access the full data room for cap table, financial model, and legal documents.