Key terms

Common terms

• SAFE — simple agreement for future equity. Glossary
• Convertible note — debt that converts to equity later. Glossary
• Pre-money / Post-money — valuation basis for dilution math. Pre-money · Post-money
• Dilution — ownership percentage decreases when more shares are issued. Glossary
• Pro-rata — right to maintain ownership in future rounds. Glossary

Go to guides