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Rollups - Retroactively clean up the SAFEs already on your cap table | Product H...

 1 year ago
source link: https://www.producthunt.com/posts/rollups
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Retroactively clean up the SAFEs already on your cap table

Ranked #19 for today

Rollups

Retroactively clean up the SAFEs already on your cap table

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For founders with multiple existing SAFEs, Rollups enable effortless conversion during an equity round for both founders and investors. The Rollup Agreement allows the company to sign conversion documents as long as the SAFE is converting according to terms.
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Rollups are the solution for founders seeking to retroactively clean their cap table while preserving the economic rights of their SAFE investors.

The Rollup Agreement contains a limited purpose power of attorney and a voting agreement that allows the company to sign conversion documents as long as the SAFE is converting according to its terms. The result is effortless SAFE conversions during an equity round for both founders and investors—while allowing investors to maintain their information, legal, and economic rights.

Founders that used Rollups have reduced their investor signature burden by 90% and expect to close their equity rounds up to two weeks faster with $1,200 in administrative cost savings per signature.

Marie Schneegans, co-founder of Motif, used Rollups to expedite her next fundraising round:

“Motif signed over 30 SAFEs to raise initial funds. We feared chasing down investor signatures would make future financings slower and more expensive. But our investors were happy to sign the Rollups Agreement, eliminating most of the investor signatures we will need to get next round, saving Motif ~$20,000 and 2 weeks time. We highly recommend Rollups to any founders with signed SAFEs. It's like a retroactive RUV for your previously signed SAFEs.” - Marie Schneegans, co-founder of Motif

Get started today at www.angellist.com/rollups


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