SAFE contracts are the fastest way for entrepreneurs to raise capital for their startup and an easy way for angel investors to invest in early stage companies without the worry of determining a company's valuation prematurely.

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A Simple Agreement For Future Equity (SAFE) is a cash investment now in exchange for a contract that gives the investor the right to convert their investment into equity in the future.

SAFEs were made popular by the startup accelerator Y Combinator, and have since been adopted by numerous accelerators and have become the standard for online regulation crowdfunding raise for startups.

A SAFE is NOT a loan and it's also NOT equity (yet). A SAFE is worthless if the company fails or the trigger events never happen.

Why are SAFEs used?
A Simple Agreement For Future Equity addresses two problems:
1. What the valuation should be of an early stage startup.
2. Time & money required to create elaborate investment documents.

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🤵 PROFESSIONAL BIO 🚀
Fares Ksebati is the CEO of MySwimPro, a global technology and media company that creates fitness apps that help people improve their performance and health. Most recently, he was selected for the Forbes 30 Under 30 List for 2020 in Consumer Technology. Fares enjoys sharing his passion for entrepreneurship as a keynote speaker and startup mentor to founders around the world.

MySwimPro is a digital community with over one million members in 180+ countries. The app has received international accolades being named the Best App of the Year by Apple and featured in Sports Illustrated. The company has global partners and an international investor base that spans 36 countries.

Fares is also the Founder of World Swim Day, a global initiative that empowers people around the world to be more active through swimming and promote water safety. He competed on Wayne State University's Varsity swimming program and graduated summa cum laude from the Mike Ilitch School of Business. Fares continues to compete internationally and is a 3x U.S. Masters swimming individual national champion, certified USA Triathlon Coach and American Swim Coaches Association Fellow.

Before launching MySwimPro, Fares led digital marketing at multiple venture-backed technology startups developing brand strategy and sharable content. His analytic approach to driving growth and creative insight for engaging audiences and branding has been attributed to the success of numerous early-stage companies. Fares, a Syrian-American has been recognized by Arab America as one of 15 Arab Americans who stole the spotlight in 2017.

🚨🚨🚨Financial Disclaimer 🚨🚨🚨
Do your own research! Fares Ksebati is not a licensed financial advisor. This video, the topics discussed, and ideas presented are opinions and presented for entertainment purposes only. Remember, I'm an entrepreneur, not your business advisor or money manager. The information presented should not be construed as financial or legal advice. Always do your own due diligence in all your business decisions and investment opportunities!