👉 Commitment Options (% of Revenue)
Boulo's solution and team executes with a heart for women but pragmatic focus on a buiness's needs.
|SAFE||A SAFE stands for Simple Agreement for Future Equity. It allows investors to invest in early-stage companies and receive stock down the road when certain events happen such as a series A round, an acquisition, or an IPO.|
The maximum valuation at which your investment will convert. This means you'll receive shares at this price, regardless of how high the company is valued in the future. ie: higher valuations mean more shares for the same amount of money.
For example: if Boulo raises a later round at a $10M valuation, you would get shares at a $5M price.
This is the discount on the share price that SAFE investors receive upon conversion.
For example: With a 20% discount, if the share price in a trigger event is $1.00, SAFE investors would receive shares at $.80 each.
Scenario A: Boulo raises capital in the future at a $6.5M valuation
Result: Your investment would be worth $1,300 with the new valuation
Scenario B: Boulo gets acquired in the future for $10M
Result: Your investment would be worth $2000 (either as stock in the new company or cash out)
Scenario C: Boulo doesn't make any money and shuts down
Result: Your investment would be valued at $0
1. The SAFE converts by either the Valuation Cap or the Discount depending on which one yields the best return for the investors.
2. An easy way to think about a SAFE investment is that you're buying $X worth of future stock. In the discount example above, a $1000 investment would get you 1250 shares ($1000 / $.80 per share)
3. At a trigger/conversion event, the issuer may continue the terms of the SAFE, issue "shadow shares" of preferred stock or allow you to cash out at the applicable conversion stock price.
4. For more details please read the subscription agreement in the docs below or post your questions in the Q&A section above. It is important to refer to the subscription agreement and SAFE shares agreement to understand the conversion and termination terms, as well as potential rights of the securities into which the SAFE may convert.
Boulo (Bu.lo) is a riff on the French word ‘Boulot’, which is slang for ‘work’. Example: Je viens d’obtenir un boulot avec Boulo! (I just found work with Boulo!)
*This projection information is provided by DCG Group LLC. Vicinity never predicts or projects performance, and has not reviewed or audited this financial forecast.*
This is a summary of some of the risks associated with this investment. A more comprehensive list of potential risk factors can be downloaded in the Docs section above.
We're going live Tuesday, Jan 12th at 12pm Central! Tune in for a live Q&A session with Boulo Founder & CEO, Delphine Carter (me) and the Vicinity crew! Topic: Boulo Q&A Webinar Time: Jan 12, 2021 12:00 PM Central Time (US and Canada) Join Zoom Meeting https://us02web.zoom.us/j/84034592794 Meeting ID: 840 3459 2794 One tap mobile +19294362866,,84034592794#
Boulo hiring a sales team in the Magic City and beyond! Know an awesome sales whiz? Send them our way: https://app.boulosolutions.com/signup/member