![]() The discount provision allows investors to purchase shares at a reduced price compared to the valuation determined in a subsequent funding round. This cap protects investors from potential excessive dilution and ensures they receive a fair return on their investment. The valuation cap refers to the maximum pre-established value at which an investor can convert their investment into shares upon a future funding round, regardless of the actual valuation at that time. This specific template includes provisions related to the valuation cap and discount applied to the shares issued to investors. A post-money safe, short for Simple Agreement for Future Equity, is a financial instrument used in early-stage startup funding. This legal template likely pertains to a post-money safe agreement for seed stage startup investments in the UK. It ensures compliance with UK law and Y Combinator's standards, facilitating a mutually beneficial and legally sound working relationship between the SaaS provider and their customers. Overall, this legal template provides a comprehensive framework for startups offering SaaS solutions in the United Kingdom, offering clarity and protection for both parties involved in the agreement. Additionally, it includes standard clauses concerning governing law, jurisdiction, and others specific to UK law to ensure the agreement is legally enforceable in courts within the UK jurisdiction. It sets out the procedure for terminating the agreement and outlines potential consequences for non-compliance. It also includes provisions for data protection and intellectual property rights, addressing confidentiality and ownership of any proprietary information.įurthermore, the SaaS Agreement incorporates provisions for termination, dispute resolution, and limitations of liability. It outlines the responsibilities of both parties, including the SaaS provider's obligations to ensure data security, system maintenance, and technical support. The template covers essential clauses such as the scope of services provided, subscription details, and payment terms. This agreement is specifically tailored for startups that have participated in the Y Combinator (YC) accelerator program, ensuring compliance with industry standards and best practices. 7$ seems to be much more valuable than 2-3 days of your time that you could be spending perfecting the application.The SaaS Agreement (YC) under UK law is a legal template that outlines the terms and conditions for the provision and use of Software-as-a-Service (SaaS) offered by a company based in the United Kingdom. The truth is the information is out there on the internet, but they're scattered. I've spent well over 2-3 months filtering the bad advice from good actionable ones. Q: Why should I buy this notion bundle when there are so many free resources out there? But they are scattered into several Medium articles, company blog posts, and youtube videos. These resources are publicly available information. No, we are not affiliated with Y Combinator. The Ultimate YC Bundle is a notion database that has a lot of information on how you can get inspired to write a good application, how you can get feedback from YC Alumni, a notion template to track the feedback in one place, summaries of Founder videos & YC interviews. ✅ Pre-submit the checklist before you mail in your applications.□ Busting all myths and misconceptions with YC alumni's advice and examples. ![]() □ 5+ summaries on smashing the Y Combinator interview & the YC Founder's video.□ 4+ real-time message templates (+ follow-ups) to get your YC application reviewed by Alumni.Browse 20+ □ winning YC applications to get inspired to write the correct answers.First time applying to Y Combinator? We've got you covered!
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