For angels, accelerators & family offices
A position that resolves. A company you can see.
SAFR™ (Simple Agreement for Future Redemption) is a free, open instrument that gives an early-stage check what a SAFE rarely does: a way to resolve. Your claim grows on a fixed schedule and settles from what the company can afford each quarter, or converts to equity. And every quarter, you see a standardized, verified picture of the business. Ask for it in your next check.
The standardized read every holder sees each quarter. Ledger Base is a common-basis measure, not a market valuation. No individual pay, no raw ledger, no customer names.
The zombie check
You wrote the check. Then what?
Most early-stage SAFEs resolve on only one of two events: a priced round or an exit. Most companies that raise on one reach neither. So the check sits. No conversion, because no round ever prices. No repayment, because there is no mechanism for it. No information, because a SAFE grants none. And no deadline to force the question. You are not on the cap table, you are not being paid, and you cannot even see what happened to your money.
What you get
What an early-stage check should do.
It resolves.
SAFR settles from what the company can afford each quarter, or converts to equity. You are no longer waiting on a priced round that may never come.
Waiting is paid.
Your claim grows on a fixed schedule, from 1.0× to a capped 2.5×. The longer it stays outstanding, the more it is worth, up to the cap.
You can see it.
Every quarter brings a standardized, verified Quarterly Update: the company's Ledger Base, its capacity, its declared budget, and a single owners-and-leaders pay total. A SAFE gives you none of this.
Cash or equity, your choice.
Take cash from the company's declared budget, or convert into common stock. And if a priced round does close, elect cash at your schedule value or a conversion at a discount to the round.
Your move
Ask for it in your next check.
You do not have to wait for founders to find SAFR. When you are about to invest, ask the company to issue on SAFR. It is free for them, it gives you a real path to resolution and a quarterly view of the business, and it puts every holder on the same standard.
Send an invitation and we will pass along a short, neutral explainer. The decision stays theirs.
Demand side
Request SAFR from a company
Invited a company you have backed, or are about to. We reach them with a neutral one-pager and copy you.
Frequently Answered Questions
FAQ
Make resolution a condition.
Your next early-stage check can resolve, and show you the company along the way. Ask for SAFR.