Kevin Xu

Investment Instruments Terms Glossary

December 29, 2019

It’s a tough road for early stage startups raising funding from investors. The legalese contained in the instruments themselves (e.g., convertible notes, SAFEs, KISSes, etc.) don’t make things any easier.

Here’s an Observable Notebook with editable inputs where you can run through your own examples of different investment terms, and see how the outcomes change.

Possible outcomes for a company that raises investment money

Editable inputs that change the explanatory text