SAFEs - Dentons ventureBeyond - dentonsventurebeyond.com ![rw-book-cover|200x400](https://readwise-assets.s3.amazonaws.com/static/images/article2.74d541386bbf.png) ## Metadata - Author: **dentonsventurebeyond.com** - Full Title: SAFEs - Dentons ventureBeyond - Category: #articles - Tags: #business - URL: https://www.dentonsventurebeyond.com/resource-center/safes/ ## Highlights - MFN Clause: In a most favored nation (MFN) clause, if subsequent convertible securities are issued to future investors at better terms (e.g., a lower valuation cap), the better terms will automatically apply to the investor’s SAFE. This clause falls away on conversion of the SAFE into company stock.