It's Simple. It's Rolling.

Founders deserve the best when it comes to fundraising. Top lawyers, securities experts, and major investors have worked to deliver the Rolling SAFE and open a new era in high-resolution financing.

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We do not assume responsibility for the contents of, or the consequence of using, any version of the Rolling SAFE or any other material found on RollingSAFE.co website. Before using any of these forms, you should consult with a US securities lawyer
Please note, Fairmint is not an investment adviser, a registered funding portal, registered broker-dealer or legal services provider. The Rolling SAFE should be utilized with assistance of experienced counsel. Fairmint does not advise or provide opinion on the advisability of the use of the Rolling SAFE for any individual’s situation. Under no circumstances are Fairmint or other third-party responsible for the consequences of any company or investor’s utilization of this template, either with or without counsel. Fairmint strongly urges users to utilize experienced counsel in connection with any offering.
DISCLAIMER: THIS TEMPLATE FORM IS PROVIDED PURELY FOR EDUCATIONAL PURPOSES AND IS INTENDED TO BE UTILIZED BY EXPERIENCED LEGAL COUNSEL.UNDER NO CIRCUMSTANCES ARE THE CREATORS OR PUBLISHERS OF THIS TEMPLATE RESPONSIBLE FOR THE CONSEQUENCES OF ANY COMPANY OR INVESTOR’S UTILIZATION OF THIS TEMPLATE, EITHER WITH OR WITHOUT COUNSEL.
THIS DOCUMENT IS INTENDED TO SERVE AS A STARTING POINT ONLY, AND SHOULD BE TAILORED TO MEET YOUR SPECIFIC REQUIREMENTS. THIS DOCUMENT SHOULD NOT BE CONSTRUED AS LEGAL ADVICE FOR ANY PARTICULAR FACTS ORCIRCUMSTANCES. FAIRMINT DOES NOT PROVIDE LEGAL OR FINANCIAL ADVICE.

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What is the Rolling SAFE?

It's a rolling agreement for future equity, an upgrade on the classic SAFE created by Y Combinator 10 years ago. The Rolling SAFE allows investors to invest in a company at any time, with an implied valuation that grows automatically as more funds are raised, benefitting investors who move quickly. 

The Rolling SAFE streamlines fundraising, freeing up time to focus on what's important: business. You can now turn a company’s business momentum into fundraising momentum, providing it with more and more funds as things grow - as it should be!

A result of thousands of interactions with founders, investors and lawyers, the Rolling SAFE has been crafted and reviewed by numerous US securities lawyers. We provide it as an annotated legal template that can be easily reviewed and, adapted to your company's needs by your legal counsel.

No need to discuss pre / post, valuation cap / uncapped, discounts / no discount. To set up a Rolling SAFE, founders first choose their company's ticker symbol (for example, $ACME for ACME, Inc.) and then decide on a few key parameters.

They define an initial valuation and allocation of equity to launch their offering and start raising capital. When fully subscribed, there's no need for a waitlist: founders can manually allocate more equity and increase the company valuation. Alternatively, they can set their offering on autopilot and let the market set the new valuation, rewarding bolder investors willing to move first with lower valuations.

Additionally, as the template is community-ready, founders can reserve an equity allocation dedicated to their community, letting key stakeholders participate in their company's success.

How does it work?

Discover the Rolling SAFE.

ROLLING SAFE

The rolling fundraising: For founders, by founders.

The conviction that "Things can be better" is at the heart of every startup. About 10 years ago, the SAFE largely supplanted the convertible note and standardized early-stage investing with the SAFE; now the Rolling SAFE has taken the SAFE and further streamlined the design. So if you're a founder who wants to build a great product, standing on the shoulders of an engaged community and providing long-term benefits to all stakeholders, the Rolling SAFE is for you.

Get your fundraising rolling

Fair

Investors who move first enjoy better prices, being rewarded for taking more risk, as it should be.

Simple

Once your Rolling SAFE is in place anyone can invest at any time, no need for pitches or negotiations.

Community

All stakeholders benefit from founders, employees and VCs to users, contractors, fans...

Programmable

Software ate the world; now the blockchain is eating equity, letting you tokenize your offering.

Vetted

Supported by a clear legal framework, developed with top lawyers, investors and founders.

Get the Template

Want to read more?

A New Era of High Resolution Fundraising: the Rolling SAFE

Back in September 2010, Paul Graham published his original post on High Resolution Fundraising. That starting point - and specifically the idea that startups should be able to offer different prices to different investors, a.k.a., “high resolution fundraising” - led to YCombinator’s eventual unveiling of the original SAFE in 2013.

Read more

Access the Rolling SAFE now:

Some questions we're frequently asked 

Designed to raise from professional investors (VCs, angels, value-add operators), the Rolling SAFE aims to be accessible to any community as well.

Who are the typical investors in the Rolling SAFE?

Whether they invest money or time, stakeholders receive an equity security that represents a right to future equity in the company.

Designed to raise from professional investors (VCs, angels, value-add operators), the Rolling SAFE aims to be accessible to any community as well.

What do investors receive with the Rolling SAFE?

When does the Rolling SAFE effectively convert?

Founders deserve the best when it comes to fundraising. Top lawyers, securities experts, and major investors have worked to deliver the Rolling SAFE and open a new era in high-resolution financing.

Access the Rolling SAFE now:

It's Simple. It's Rolling.

The conviction that "Things can be better" is at the heart of every startup. About 10 years ago, the SAFE largely supplanted the convertible note and standardized early-stage investing with the SAFE; now the Rolling SAFE has taken the SAFE and further streamlined the design. So if you're a founder who wants to build a great product, standing on the shoulders of an engaged community, and providing long-term benefits to all stakeholders, the Rolling SAFE is for you.

Whether they invest money or time, stakeholders receive an equity security that represents a right to future equity in the company.

The Rolling SAFE converts all equity securities into company stock when a liquidity event occurs, typically a sale or IPO.

The Rolling SAFE converts all equity securities into company stock when a liquidity event occurs, typically a sale or IPO.

The Rolling SAFE converts to preferred non-voting shares, which benefit from a 1x liquidation preference and share the same seniority as other SAFEs.

What do investors receive with the Rolling SAFE?

Who are the typical investors in the Rolling SAFE?

When does the Rolling SAFE effectively convert?

Some questions we're frequently asked

Get your fundraising rolling

Community

All stakeholders benefit from founders, employees and VCs to users, contractors, fans...

Simple

Once your Rolling SAFE is in place anyone can invest at any time, no need for pitches or negotiations.

Fair

Investors who move first enjoy better prices, being rewarded for taking more risk, as it should be.

Programmable

Software ate the world; now the blockchain is eating equity, letting you tokenize your offering.

Vetted

Supported by a clear legal framework, developed with top lawyers, investors and founders.

Want to read more?

Get the Template

Back in September 2010, Paul Graham published his original post on High Resolution Fundraising. That starting point - and specifically the idea that startups should be able to offer different prices to different investors, a.k.a., “high resolution fundraising” - led to YCombinator’s eventual unveiling of the original SAFE in 2013.

Read more

A New Era of High Resolution Fundraising: the Rolling SAFE

The rolling fundraising: 
For founders, by founders.