The SAFE (Simple Agreement for Future Equity) investment structure was a great innovation in financing structures by the Silicon Valley-based Y Combinator team. It has simplified and lowered the cost of first-stage financings for many startups. As a result, the SAFE has become the investment contract of choice for startup companies that have already attracted interest from investors. The reasons for the popularity of the SAFE and pros/cons compared to the second most popular form of investment...By: Wyrick Robbins Yates & Ponton LLP.