EPISODE · May 28, 2026 · 10 MIN
How to Run a Pre-Seed SAFE Round Without a Lawyer
from The Pre-Seed Podcast with Fexingo: Idea-Stage Founders, First Checks, and Earliest Funding · host Fexingo
Episode 16 of The Pre-Seed Podcast with Fexingo dives into the mechanics of the SAFE note — the most popular pre-seed instrument in 2026. Lucas and Luna walk through a real-world case: a two-founder SaaS startup that raised $350,000 using Y Combinator's latest SAFE template without hiring a lawyer. They break down valuation caps, discount rates, the 'most favoured nation' clause, and the single biggest mistake founders make when issuing SAFEs. If you're an idea-stage founder about to raise your first outside capital, this episode gives you the specific numbers and terms you need to understand before you sign. Hosted by Lucas and Luna. #SAFE #PreSeed #FounderFinance #StartupFunding #YCombinator #ValuationCap #DiscountRate #MFNClause #TermSheet #Equity #ConvertibleNote #Bootstrapping #SaaS #Business #Technology #FexingoBusiness #BusinessPodcast #StartupLegal Keep every episode free: buymeacoffee.com/fexingo
What this episode covers
Episode 16 of The Pre-Seed Podcast with Fexingo dives into the mechanics of the SAFE note — the most popular pre-seed instrument in 2026. Lucas and Luna walk through a real-world case: a two-founder SaaS startup that raised $350,000 using Y Combinator's latest SAFE template without hiring a lawyer. They break down valuation caps, discount rates, the 'most favoured nation' clause, and the single biggest mistake founders make when issuing SAFEs. If you're an idea-stage founder about to raise your first outside capital, this episode gives you the specific numbers and terms you need to understand before you sign. Hosted by Lucas and Luna. #SAFE #PreSeed #FounderFinance #StartupFunding #YCombinator #ValuationCap #DiscountRate #MFNClause #TermSheet #Equity #ConvertibleNote #Bootstrapping #SaaS #Business #Technology #FexingoBusiness #BusinessPodcast #StartupLegal Keep every episode free: buymeacoffee.com/fexingo
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How to Run a Pre-Seed SAFE Round Without a Lawyer
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