# Fund Raising - Rounds - 4Fs (Friends, families, fools, ...) - Angel - Seed - Series A ([[vc|Venture Capital]]) - Series B - ... - Raising fund affects the [[cap-table|Cap Table]] - "Simple Agreement for Future Equity" (= SAFE) by Y Combinator - Discounts - Valuation Caps - Most-Favored Nation Provisions - Pro-Rata Rights - Best things about SAFE - everyone agrees on "how much the company worth" - Priced Round (Seed Round) - Priced = SAFE converts - Discount of SAFE happens here - When VC gives $M for X% of company... - $M deposited into company account - VC gets new shares equal to X% of new total. - i.e. _post-money valuation_ - [[stock-option|Stock Option]]