Latest / The Series A Show with Fexingo: Early-Stage Funding, Pitch Decks, and Startup Milestones
Why Startups Are Using Rolling SAFEs to Close Rounds Faster
On Episode 108 of The Series A Show, Lucas and Luna examine the growing trend of rolling SAFEs in early-stage fundraising. They break down how Y Combinator's SAFE note has evolved into a rolling structure that lets founders close investors continuously without a hard round deadline. Lucas explains the mechanics—how rolling SAFEs use a valuation cap that increases over time to incentivize early backers, and why this reduces friction for startups that don't have a lead investor lined up. Luna brings up the Palantir example, noting how the company's early use of convertible notes…
The skinny
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