[minimax]

Is "SAFE note" a valid way of referring to a SAFE security? If it's not a debt instrument, it seems weird to call it a "note." It almost sounds more like an equity option (i.e. investors are buying the right to buy a certain amount of equity at a set price in the future).

[aagha]

PG himself refers to them as "Safe Financing Documents": http://ycombinator.com/safe/

[pg]

No, it's just called a "safe."