Generate a Simple Agreement for Future Equity based on Y Combinator's post-money SAFE. Choose valuation cap, discount, MFN, or combined terms with optional side letter provisions.
Want an attorney to do this one instead? A simple contract drafted or redlined by me is a flat $750, up to three rounds of revisions by email. Complex and enterprise work is $1,200. I am Sergei Tokmakov, a California attorney, California Bar #279869.
I built this SAFE agreement generator based on Y Combinator's post-money SAFE, the most widely used early-stage investment instrument in Silicon Valley. SAFEs were created by YC in 2013 as a simpler alternative to convertible notes -- no interest accrual, no maturity date, no debt on the balance sheet.
The post-money SAFE (introduced by YC in 2018) includes all SAFE investments in the post-money valuation, giving investors certainty about their ownership percentage at conversion. With a $10M post-money cap and a $100K investment, you know you're getting exactly 1% -- regardless of how many other SAFEs the company issues. Pre-money SAFEs calculated ownership differently and created ambiguity around dilution.
This generator supports all four standard SAFE variants: (1) Valuation Cap only -- the most common, investor converts at the cap regardless of how high the Series A valuation is; (2) Discount only -- investor gets a percentage discount to the Series A price per share; (3) Cap + Discount -- investor gets whichever produces more shares, most investor-friendly; and (4) MFN (Most Favored Nation) -- no cap or discount, but investor gets amended to match any better SAFE terms issued later. Choose based on your negotiation dynamics and the investor's leverage.
This generator includes optional side letter provisions commonly negotiated alongside SAFEs: pro-rata rights (right to maintain ownership percentage in future rounds), information rights (quarterly financials, annual budget), board observer rights, and major investor thresholds. These are typically reserved for lead investors or investors writing larger checks.
Flat fees, confirmed in writing before I start any work. I am Sergei Tokmakov, a California attorney, California Bar #279869, and you work with me directly rather than with a document service.
I draft the safe agreement around your actual deal, or redline the draft you built here. Includes written comments on the clauses that shift risk and up to three rounds of revisions by email.
Request this package: $750For longer agreements, several related documents, enterprise procurement redlines, or a counterparty whose counsel is already marking up the draft.
Request this package: $1,200Send your question, a short factual summary, and the key documents. You get a written attorney response identifying the main issues, the risks, and the practical next steps.
Request this package: $240Every engagement starts with a conflict check and a written confirmation of scope. Overflow beyond the flat fee is billed at $300 per hour by invoice, and I tell you before that happens.
Send me the draft you generated here plus the deal context, and I will tell you what has to change before anyone signs it. I reply to intake email within one business day.
Sergei Tokmakov, Esq. | California Bar #279869 | owner@terms.law
This generator and this page provide general information, not legal advice, and do not create an attorney-client relationship. A generated document is a starting draft, not a document prepared for your specific facts. Each engagement requires a conflict check and written confirmation of scope. I am licensed in California.