SAFE Notes – Excel Worksheet Attached

Fred Wilson has written about Un-SAFE notes. In a nutshell: they’re not less expensive, and they hide some dilution problems when stacked. Because that’s not always obvious, here is an Excel Worksheet to play around with.

>> Download the Excel Worksheet. <<

The worksheet uses some circular references, so go to File > Options > Formulas > Enable Iterative Calculation.

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