Test before you deploy the SAFE
Season 1 · For investors

A new instrument
for venture upside
in small bites.

Underwrite a curated cohort via a rev-share pool. Capital back first, capped yield, then long-tail kicker. Live DD on real teams before committing to a full equity round.

How the instrument works

A waterfall, not a coin toss.

Revenue from each Season 1 startup that takes pool capital flows through three tiers. Investors are made whole, then earn a target yield, then take a long-tail kicker — while founders keep most of the long-term upside.

Tier 1
Capital return
Investor 100% · Startup 0%

Every dollar of revenue routed through the rev-share pool flows to investors first — until your initial capital is recouped in full.

Tier 2
Capped yield
Investor 50% · Startup 50%

After capital return, revenue splits 50 / 50 between investors and the startup until investors hit a target ~10% yield on capital.

Tier 3
Long-tail kicker
Investor 20% · Startup 80%

Past the yield cap, the split flips to founders for the long tail: 80% to the startup, 20% to investors — in perpetuity.

Investor
Startup
Other perks

First right on the SAFE

Pool participation comes with right of first refusal on the next priced or SAFE round. The rev-share is a live DD lane, not a sidetrack.

Other perks

Vote on the cohort

You vote alongside creators and scouts on which startups make Season 1. Your underwriting decisions are downstream of decisions you helped make.

Other perks

Small cheques, real exposure

Get diversified exposure to a whole cohort with a small fraction of your usual cheque. Lower per-name risk, broader funnel.

Apply

Join Season 1 as an investor.

No money taken at apply. This signals the size you'd consider if accepted.