SAFEConversionMechanism
Conversion Mechanism - SAFE#
https://opencaptablecoalition.com/schema/types/conversion_mechanisms/SAFEConversionMechanism.schema.json
Sets forth inputs and conversion mechanism of a SAFE (mirrors the flavors and inputs of the Y Combinator SAFE)
Data Type: OCF TYPE
Properties:
| Property | Type | Description | Required |
|---|---|---|---|
| type | Constant: SAFE_CONVERSION |
Scalar Constant | REQUIRED |
| conversion_discount | schema/types/Percentage | What is the percentage discount available upon conversion, if applicable? (decimal representation - e.g. 0.125 for 12.5%) | - |
| conversion_valuation_cap | schema/types/Monetary | What is the valuation cap (if applicable)? | - |
| exit_multiple | schema/types/Ratio | For cash proceeds calculation during a liquidity event. | - |
| conversion_mfn | BOOLEAN |
Is this an MFN flavored SAFE? | - |
Source Code: schema/types/conversion_mechanisms/SAFEConversionMechanism
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