Both SAFE (Simple Agreement for Future Equity) notes and convertible notes are tools startups use to raise early-stage funding without setting a valuation. A SAFE note is simpler, doesn't accrue interest, and doesn't have a maturity date—making it more founder-friendly. A convertible note, on the other hand, is a short-term debt that converts into equity, typically with interest and a set maturity date. https://www.angelschool.vc/blog/safe-vs-convertible-note
