How to angel invest, part 2: debt, equity, and terms

Debt

Equity

Key terms in notes, SAFEs, and term sheets

Photo by Romain Vignes on Unsplash

Valuation cap

Discount

Pro rata

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Sarah A. Downey

Sarah A. Downey

3.3K Followers

Pro 1A. Operating Partner at Accomplice; founder/GP Yubari (angel fund); co-founder Blueprint Enneagram app; capitalist; esquire. I 🖤 weights, gaming, scifi.