/Docs/G/YCombinator-SAFE-2020/Form/Discount-NoCap/v1-1.md
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{- "edges" : [ "data" {
- "BusinessNote" : "This is a Discount only (no Cap) form. It extends the Base form (see below, at the bottom)." ,
"Note.Title" : "Simple Agreement for Future Equity - Discount Only" ,
"CodersNote" : "The Discount Rate is 100% minus the discount." ,
"Intro.7.sec" : "The \u201c", "DefT.Discount_Rate", "\u201d is ", "DiscountRate.%", "." ,
"Event.Equity.1.ConversionTarget.cl" : "the number of shares of ", "_Safe_Preferred_Stock", " equal to the ", "_Purchase_Amount", " divided by the ", "_Discount_Price", "" ,
"Event.Equity.2.ConversionTarget.cl" : "", "_Safe_Preferred_Stock", "" ,
"Def.Discount_Price.sec" : "\u201c", "DefT.Discount_Price", "\u201d means the lowest price per share of the ", "_Standard_Preferred_Stock", " sold in the ", "_Equity_Financing", " multiplied by the ", "_Discount_Rate", "." ,
"Def.Liquidity_Price.Valuation.cl" : "the fair market value of the ", "_Common_Stock", " at the time of the ", "_Liquidity_Event", ", as determined by reference to the purchase price payable in connection with such ", "_Liquidity_Event", ", multiplied by the ", "_Discount_Rate", "" ,
"Def.Safe_Preferred_Stock.ReferencePrice.cl" : "", "_Discount_Price", "" ,
"CodersNote" : "Deleted ", "Def.Company_Capitalization.sec", " ", "Def.Converting_Securities.sec", " ", "Def.Liquidity_Capitalization.sec", " ", "Def.Options.sec", " ", "Def.Promised_Options.sec", " ", "Def.Safe_Price.sec", " ", "Def.Unissued_Option_Pool.sec", "" ,
"CodersNote" : "Added ", "Def.Discount_Price.sec", "" ,
"Def.sec" : "<ul type=\"none\"><li>", "Def.Capital_Stock.sec", "</li><li>", "Def.Change_of_Control.sec", "</li><li>", "Def.Direct_Listing.sec", "</li><li>", "Def.Discount_Price.sec", "</li><li>", "Def.Dissolution_Event.sec", "</li><li>", "Def.Dividend_Amount.sec", "</li><li>", "Def.Equity_Financing.sec", "</li><li>", "Def.Initial_Public_Offering.sec", "</li><li>", "Def.Liquidity_Event.sec", "</li><li>", "Def.Liquidity_Price.sec", "</li><li>", "Def.Proceeds.sec", "</li><li>", "Def.Safe.sec", "</li><li>", "Def.Safe_Preferred_Stock.sec", "</li><li>", "Def.Standard_Preferred_Stock.sec", "</li></ul>" ,
"CodersNote" : "Is this an intended difference or an accidental variation from the Cap and MFN varieties?" ,
"Def.Standard_Preferred.the/a" : "the" ,
"Note" : "US Tweaks:" ,
}
}