Announcing the Safe, a Replacement for Convertible Notes | Y CombinatorAnnouncing the Safe, a Replacement for Convertible Notes Paul Graham YC partner (and lawyer) Carolynn Levy has created a new alternative to convertible notes, called a safe, that has the advantages of convertible debt without some of the disadvantages. We’re publishing a standard safe document for all startups to use, and we expect most future YC startups will use this when raising money. “Safe”
