Qualified Financing
定义
A qualified financing is the priced round, defined by a minimum size in a SAFE or note, that triggers automatic conversion of the instrument into equity.
它在融资中如何出现
Notes and SAFEs specify thresholds (for example, a $1M+ equity round) so small raises do not accidentally force conversion.
常见问题
What happens if a round is below the threshold?
Instruments typically do not auto-convert; holders may convert voluntarily or wait, per the document’s terms.
Why does the definition matter?
It controls when your SAFEs crystallize into cap table ownership; founders should know their stack’s trigger before planning a small priced round.