Close a SAFE before spending the proceeds

Practice the sequence you already learned for “Close a SAFE before spending the proceeds” until the order feels automatic. Drill YC SAFE / closing order from startup-finance training. Funds are not spent until the signed SAFE, the cap-table entry, and the bank receipt are complete.

1. Confirm the form (post-money or otherwise) and the cap or discount.
2. Circulate the final SAFE, not a marked-up side letter as the only record.
3. Obtain signatures from the company and the investor.
4. Log the SAFE on the cap table the same day.
5. Receive the wire to the company account.
6. Do not spend on a handshake or a draft term sheet.