L3VLUP

KISS (Keep It Simple Security)

An alternative to the SAFE published by 500 Startups in 2014, in a debt version that accrues interest and matures at 18 months and an equity version that does not. Both carry a cap, a discount and a most favoured nation clause. Far less used than the SAFE, and worth knowing mainly so a term sheet that names one is not a surprise.

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