Choosing between a SAFE (Simple Agreement for Future Equity) and a Convertible Note is a crucial decision for startups raising early-stage funding. Both instruments offer a way to secure investment without setting an immediate valuation, but they have key differences. A SAFE is a simpler, equity-based agreement with no interest or maturity date, making it founder-friendly. A Convertible Note, on the other hand, is a debt instrument that accrues interest and must be repaid or converted by a set date. This article explores the pros, cons, and ideal use cases for each, helping you determine the best fit for your startup.