A SAFE may feel safer to founders but will feel less safe to Aussie investors. Photo by Jason Dent on Unsplash

A common question from Aussie tech startup founders is whether they should raise their investment with a convertible note, priced equity, or a SAFE note.

Priced equity rounds



Nervous and worried-looking woman’s face lit only by the light of a laptop screen.
Nervous and worried-looking woman’s face lit only by the light of a laptop screen.
Photo by Niklas Hamann on Unsplash


Photo by Markus Spiske on Unsplash

Solve customer problems that arise often, every day


Photo by Ryan Snaadt on Unsplash


Photo of the author from 2009, working at my laptop in the offices of a startup called 3eep, in Surry Hills, Australia.
Photo of the author from 2009, working at my laptop in the offices of a startup called 3eep, in Surry Hills, Australia.
Me in 2009, working on my own startup in the offices of 3eep. Photo Pierre Sauvignon © 2009


Me (right) in 1983, a younger, dumber man.


Venture capital doesn’t understand the startups it invests in.



I’m proposing we make labelling fruit with useless labels like this one an offence punishable by death – who’s with me? (Photo: author. Lime: Tropical North Queensland).

Alan Jones

I’m Alan Jones, an EiR for startup accelerators, GP at M8 Ventures. Previously investor, founder, and early Yahoo PM. Opinions mine (but should also be yours).

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