Priced Round
定義
A priced round is a financing where investors buy actual preferred shares at a valuation the company and investors agree on upfront, as opposed to a SAFE or convertible note that defers setting a valuation until later. It turns the term sheet's price per share into real, priced equity ownership at closing.
資金調達における位置づけ
Founders usually raise on SAFEs or notes at pre-seed, then run their first priced round, often the Series A, once there is enough traction and investor interest to negotiate a real valuation.
よくある質問
How is a priced round different from a SAFE round?
A priced round sets the company's valuation and issues shares immediately, while a SAFE or convertible note defers that valuation until a future priced round triggers conversion.
What triggers a priced round after SAFEs or notes?
A qualified financing threshold written into the earlier SAFEs or notes, usually a minimum round size, which forces them to convert into the new round's preferred shares.