Raising your first outside money — a friends-and-family, angel or seed round — and you need the actual document that turns cash into equity? A SAFE, a convertible note and a priced stock purchase are the three instruments startups use to take early investment, and they're what founders and investors search for by name (SAFE agreement, safe note, convertible note, convertible promissory note, stock purchase agreement, seed round documents). It's the natural next step after you've set up the company: form the corporation, then raise money on it. PaperKit builds the right one: pick the instrument — a SAFE (a valuation cap + discount, no interest or maturity, converts at your next priced round), a CONVERTIBLE NOTE (principal + interest rate + maturity date + cap + discount — a loan that converts), or a PRICED STOCK PURCHASE (investors buy shares now at a set price) — and it reshapes the whole document. Then pick how it converts, which rewrites the conversion-mechanics section: CAP + DISCOUNT (the investor gets the better of the two), CAP ONLY, DISCOUNT ONLY, or MOST-FAVORED-NATION (no cap or discount, matches your best later terms). Add your investors in a table — each name and amount — and it does the money math live: the total you're raising, each investor's share of the round, a SAFE's cap-and-discount conversion illustration, a note's interest accrual to maturity, or a priced round's shares × price. Every clause an early round expects is laid out and toggleable: the round & investment amount, conversion on a qualified financing, valuation cap & discount, liquidity & dissolution (SAFE) or interest, maturity & repayment (note), representations, pro-rata rights, information rights, an optional board-observer seat, transfer restrictions and optional binding arbitration — plus governing law and extra terms. It's self-drafted: the company signatory reviews and e-signs online, every investor signs on their printed signature line, and you download the clean PDF, with an optional notary block. (This is a template, not legal advice; securities laws — registration exemptions, accredited-investor rules — corporation statutes and tax treatment vary by state and by instrument, so confirm yours before relying on this form.)
The big lever — it reshapes the whole instrument and its economics.
SAFE — Simple Agreement for Future Equity. No interest and no maturity; the investor's money converts to equity at the next priced round, using a valuation cap and/or discount.
The lever that rewrites the conversion-mechanics section — how the SAFE turns into equity at the next round.
Cap + discount — converts at the LOWER of the cap price and the discounted price (best for the investor).
The numbers that drive the money math — the preview does the calculation live.
Add each investor and how much they're putting in. Each investor's share of the round is worked out from their amount — always totalling up.
The founder / officer signing on behalf of the company. You draft and e-sign online; each investor signs on their printed signature line.
Turn on what applies. Pro-rata and information rights are on by default.
A real, section-by-section instrument with a round schedule and live money math. The instrument type reshapes the whole document; the conversion choice rewrites how it converts. Publish to get a hosted link you can e-sign online.
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A SAFE, convertible note or stock purchase agreement is a template for convenience, not legal advice. These are securities instruments — securities laws (including registration exemptions and accredited-investor rules), corporation statutes and tax treatment vary by state and by instrument. PaperKit is not a law firm and records electronic execution via the signer's typed name; confirm your requirements before relying on this form.