Saim Akif
CPA, CFA, CAMS, Realtor
Cryptocurrency and Virtual Currency Accounting
Real Estate and Construction Accounting
Saim Akif, CPA, CFA, CAMS, Realtor
What are post-money safes, can we get any benefit from them?
Hi Saim, I have a little bit of knowledge about SAFE agreements, but this post-money SAFE is new to me. What are its benefits?
Updated SAFEs are known as ‘Post-Money SAFE’. Under this, ownership is measured once all the money is accounted for.
It comes with different benefits for the founders and investors. It gives the utmost freedom and ability to immediately investigate about ownership of a company and how much it is sold in a very precise manner. In the context of crypto, ‘post-money’ simply means that the investor will secure the percentage of the company the moment the company converts their SAFE into shares.
© Saim Akif, 2021