Pre-Money SAFE (Legacy Format)
The original pre-money SAFE, for cases where an investor or existing stack specifically requires the pre-money convention rather than today's post-money default.
What is a Pre-Money SAFE?
A Pre-Money SAFE (Legacy Format) is the original pre-money SAFE, for cases where an investor or existing stack specifically requires the pre-money convention rather than today's post-money default.
Founders whose earlier investors used the pre-money SAFE and want consistency, or an investor who insists on the pre-money form. We flag clearly that post-money is now standard and why the dilution math differs.
Pre-Money SAFE template, current for 2026
Explicitly frames the pre-money convention as the legacy choice, with a plain-language warning that pre-money caps understate the investor's true ownership once multiple SAFEs stack. Adds QSBS-awareness, CTA/BOI acknowledgment, and e-signature readiness.
How HDAi does this differently
Unlike a static form, HDAi runs a guided interview and assembles your Pre-Money SAFE as you answer. When you want it finished, a licensed Hart David Carson attorney reviews it and tailors it to your facts before you sign. The interview and the first draft are automated. The judgment belongs to an attorney.
What you’ll be asked
- What is the full legal name of the company issuing this SAFE? This is the startup raising money. The SAFE is issued by the company to the investor.
- What type of entity is the company? A SAFE presumes the company can issue equity (a corporation). If it is an LLC, standard SAFE mechanics may not fit and counsel should adapt the form.
- In which U.S. state is the company incorporated or organized? Sets the entity's home jurisdiction, referenced in the conversion mechanics (for example, authorizing new stock).
- What is the company's principal business address for notices? Used in the notices section so legal communications reach the company.
- What is the full legal name of the investor? The person or entity providing the purchase amount in exchange for this SAFE.
- What is the investor's address for notices? Used in the notices section and to identify the SAFE holder.
- What is the purchase amount (the dollars the investor is paying now)? This is the money paid today. On a future priced round it converts into shares at the terms below.
- Which economic terms apply to this SAFE? A valuation cap sets a maximum company valuation for conversion; a discount gives a percentage off the priced-round price. Most SAFEs use a cap, some use both, a few use only a discount, and a rare MFN SAFE uses neither.
- What is the valuation cap? The maximum pre-money valuation used to price the investor's conversion. A lower cap means the investor gets more shares. Only used if you selected a cap.
- What is the discount rate (as a percentage off the priced-round price)? For example, enter 20 for a 20% discount, meaning the investor converts at 80% of the round price. Only used if you selected a discount.
- Which state's law should govern this SAFE? Usually the company's state of incorporation. Governs interpretation and enforcement.
- Which state's courts should serve as the exclusive forum for disputes? Names the exclusive courts for any litigation under this SAFE. Delaware is customary for Delaware corporations and is the recommended default.
- Will the investor receive pro rata (participation) rights to invest in a later round? Pro rata rights let the investor buy additional shares in the next equity financing to maintain ownership. In the legacy format these are typically granted by a separate side letter; select whether to reference one.
- What is the date of this SAFE? The effective date shown in the title block and used for the agreement.
- Who signs on behalf of the company (name)? The authorized officer executing the SAFE for the company.
- What is that signatory's title? For example, Chief Executive Officer, President.
Frequently asked
What is a Pre-Money SAFE (Legacy Format)? +
Is HDAi's Pre-Money SAFE (Legacy Format) legally binding? +
Do I need a lawyer to use this Pre-Money SAFE (Legacy Format)? +
What makes this Pre-Money SAFE (Legacy Format) current for 2026? +
How long does the Pre-Money SAFE (Legacy Format) take? +
Does this Pre-Money SAFE (Legacy Format) work in my state? +
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