For SAFE (or convertible note) portfolio investments
- managers should track progress of the company, and potentially help the team negotiate to ensure fair terms for investors, founders and employees.
- carefully review the docs and confirm conversion calculations.
- participate in pro rata investment - if available - potentially offering this to LPs - potentially creating an SPV as a rollup vehicle and taking carry.
Following conversion, the manager enters the updated holding information into Hub as a new Funding Round.