Investing in a SAFE

Joseph
Joseph Member ✭✭
edited July 2023 in Investing (Windows)
If you invest in a pre-seed round of a startup, they usually do the investment as a SAFE (Simple Agreement for Future Equity). There is no share price or value other than the cash you pay for it. When/if the company gets SEED funding, you will get shares at a certain value (even though those shares don't trade publicly or probably at all). How do you account for this in Quicken?
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Answers

  • Rocket J Squirrel
    Rocket J Squirrel Quicken Windows Subscription SuperUser ✭✭✭✭✭
    edited June 2023

    Create a brokerage account. Transfer the cash in. When you eventually get shares, create a security and use that cash to buy the shares in Quicken.

    Quicken user since version 2 for DOS, now using QWin Premier (US) on Win10 Pro.

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