[marssaxman]

What is a "safe" exactly?

[mwseibel]

http://www.ycombinator.com/documents/

[ai_ia]

Michael, do you know where can I find stats for the number of founders per company accepted in YC?

Edit: I found it here. https://blog.ycombinator.com/common-misconceptions-about-app...

[katm]

The average for the last batch was 2 founders.

[dasmoth]

This is one of those cases where the word “average” is kind-of unhelpful. Mean? Mode? Median?

[streulpita]

I would guess Median is also 2.

[ai_ia]

I meant in more explicit terms. Number of companies with two founders, with one founder etc.

[neom]

Convertible notes are (usually) more like a loan that you (usually) pay back with equity instead of money. SAFE is less like a loan, so you avoid things like interest on the loan.

[apandhi]

Essentially, it's a convertible note without the debt aspect.