Safes and convertible note are both types of Convertible Securities. Ie they each convert into shares at a future date, usually at a priced round.
A convertible note is structured as debt - there is interest earned until it converts and a maturity date. There are also terms about repaying the debt.
A safe is not debt - it does not have a maturity date and interest does not accrue.
So referring to a "Safe Note" is non-sensical because there is no such thing.
A convertible note is structured as debt - there is interest earned until it converts and a maturity date. There are also terms about repaying the debt.
A safe is not debt - it does not have a maturity date and interest does not accrue.
So referring to a "Safe Note" is non-sensical because there is no such thing.