Hybride Finanzierung in der Frühphase der GmbH

This book is a must-read for anyone involved in financing young companies, offering a concise introduction to early-stage financing for start-ups. The author provides clear, practical explanations of the well-established convertible loan and the SAFE (Simple Agreement for Future Equity), the latter of which is already the leading instrument in the USA. The differences, legal basis and possible applications of these two financing instruments are explained in detail. The author also demonstrates how a SAFE could be used in Germany. The result is an authoritative guide for consultants, founders and investors seeking to utilise these instruments efficiently and legally.

Jan Hofmann, LL.M., is a lawyer in Hamburg.