From SAFEs to a real priced round.
You've raised your first $500K-$5M, you have a handful of SAFEs and notes outstanding, and a Series A conversation is in your future. Get the cap table, data room, and signature workflow ready before the conversation.
What hurts at this stage
SAFEs accumulate quietly
Each SAFE feels small in isolation. Stacked, they can turn into 25-40% dilution at conversion - and you don't see it until the Series A model lands on your desk.
Fundraising lives in 5 different tools
Cap table in one tool, data room in Docsend, e-sigs in DocuSign, investor tracking in a spreadsheet, CRM in Notion. Every fundraise is held together with tape.
First hires need real option grants
You're past 'commitment over equity' - you need a real option pool, real grants, real vesting. Plus the 409A to back the strike price.
What Slyced does for seed teams
SAFE stack modeling
See how every SAFE converts at your next round, with cap-vs-discount comparisons per note.
Built-in data room
Replace a separate data-room workflow. Viewer analytics, watermarking, and granular access controls included.
Fundraising CRM with investor pipeline
Kanban for investor conversations. Term sheet comparison. Due-diligence checklists. Carta doesn't have this.
AI 409A valuation estimates
Get board-ready 409A estimates without paying $1,500-3,000 per formal report.
Up to 100 stakeholders, unlimited share classes, scenario modeling, AI 409A estimates. Series A-ready.
Seed founder questions
- How does Slyced handle a stack of SAFEs from different rounds?
- Each SAFE is tracked individually with its own cap, discount, and MFN status. At your priced round, Slyced computes conversion shares per SAFE, applies MFN cascading correctly, and produces a clean pro-forma cap table showing exactly who owns what post-conversion.
- Can we migrate from Carta if we already started there?
- Yes, in about 30 seconds. Export your Carta cap table as CSV, import to Slyced. Stakeholders, share classes, and grants transfer automatically. Most seed-stage teams complete the migration in a single sitting before their next round.
- What's the right option pool size at seed?
- Most lead investors at Series A will ask for a 10% post-money pool. Pre-Series A, size your pool to your real hiring plan - typically 5-15% of fully diluted. Use Slyced's option pool calculator to model the dilution before agreeing to a number.
- Do we need a 409A before our seed round?
- Not strictly - you don't have a priced round yet for the 409A to reference. But once you have a priced round (Series Seed Preferred or Series A), you need a 409A within 12 months to set strike prices for new option grants. Slyced includes AI 409A estimates on the Starter plan for board approval purposes.