How a SAFE Actually Works: Cap, Discount, and Conversion
The one-document contract Y Combinator built in 2013 now covers a record 93% of pre-seed deals, per Carta — here is what its terms actually commit a founder to.
Priya Vaithilingam
Entrepreneurship covers the founder's side of the ledger: what ownership is worth, how founders pay themselves, which risks are personal rather than corporate, and when a business is worth continuing. Articles suit anyone weighing a jump from employment, plus operators who already made it and want the arithmetic checked.
Ownership, personal risk, founder pay and the practical questions of running your own company: what the job costs and what it gives back.
The one-document contract Y Combinator built in 2013 now covers a record 93% of pre-seed deals, per Carta — here is what its terms actually commit a founder to.
Priya Vaithilingam
A personal guarantee converts business debt into your debt the day the business can't pay — and negotiating its scope before signing is the only window you get.
Priya Vaithilingam
Hire number one goes to the bottleneck you can name in your own calendar — usually delivery or admin, almost never another strategist — and it's a systems hire before it's a talent hire.
Priya Vaithilingam
Co-founder conflict is managed structurally — written decision rights, a weekly founders' meeting with real agenda, and a pre-agreed stalemate breaker — not by liking each other harder.
Priya Vaithilingam
Fire a client when the relationship costs more than the revenue — misaligned values, scope abuse, payment failure — and do it with notice, a handoff, and no litigation of the past.
Owen Blackwood