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Around the same time, SeedLegals also launched a founder and investor-friendly SeedFAST agreement for Irish founders. Both models are examples of Advance Subscription Agreements (ASAs) that enable founders to access funding fast.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">According to last year\u2019s <\/span><a href=\"https:\/\/2021.stateofeuropeantech.com\/chapter\/europe-global-tech-force\/article\/45-shades-europe\/\"><span style=\"font-weight: 400;\">state of European tech report<\/span><\/a><span style=\"font-weight: 400;\">, Ireland is fast becoming one of the most attractive locations for investment. As Irish start-ups amplify their presence on the world stage, SAFE agreements provide an easily-tailored funding model that appeals to investors and founders alike.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Where before, Irish start-ups would have had to relocate to access different funding types and a wider pool of investors, these ASAs allow Irish founders to raise capital on home turf. Off the back of a hugely popular first year, this year\u2019s NDRC SAFE programme is likely to be even more successful.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">SAFE agreements are one of the most attractive options for investors and start-ups alike. A year down the line for NDRC\u2019s SAFE agreement and SeedFAST for Irish founders, it couldn\u2019t be a better time to use them.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Attract a broader scope of investors<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">If you know your SAFE agreement history, you\u2019ll be aware that Y Combinator launched the first SAFE in 2013, much to the delight of US investors and start-ups.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Since then, SAFE agreements have sprung up in the UK and Ireland, and as a result, investors are familiar with and interested in pursuing them.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">There are several benefits to SAFE agreements for investors. Take the SeedLegals SeedFAST as an example; investors and founders negotiate a discount and a valuation cap. When it comes to conversion, investors receive whichever results in the highest discount.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Because you only need to negotiate a valuation cap and discount, SAFE agreements can be created quickly. Without the concern of impending debt or financing deadlines, founders can focus their efforts on building something brilliant. Which pays dividends for investors and founders alike.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">SeedFASTs are internationally accepted, widening the scope of investors you can attract as a founder. What\u2019s more, if you set a six-month longstop date with your SeedFAST, investments are S\/EIS eligible for UK investors too. It\u2019s worth noting that the NDRC SAFE doesn\u2019t provide this option (though it has plenty of other benefits that make it founder-friendly).\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">And because the Advance Subscription Agreement model has been around for a while, investors are likely to feel comfortable and confident using them with your start-up too.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Growing while the going\u2019s good\u00a0<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">As we\u2019ve already explored, it\u2019s a great time to be an Irish founder. <\/span><a href=\"https:\/\/www.siliconrepublic.com\/start-ups\/irish-tech-start-ups-record-funding-2021\"><span style=\"font-weight: 400;\">Tech start-ups alone, saw a 60% increase in funding last year<\/span><\/a><span style=\"font-weight: 400;\">, compared to 2020. With record investment flowing into the market, founders should be exploring new ways to capitalise on this influx of funding.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">SAFE agreements provide start-ups with a vessel for raising early-stage capital without sacrificing too much equity too soon. Investors don\u2019t receive shares until an event specified in the SAFE agreement triggers a conversion, and with SeedFAST, you don\u2019t have to decide your valuation straight away.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Whether you\u2019re looking for some stop-gap funding between priced rounds, or some early-stage funding to set the wheels in motion, there\u2019s never been a better time to utilise the SeedFAST.\u00a0 Visit the <\/span><a href=\"http:\/\/www.seedlegals.ie\"><span style=\"font-weight: 400;\">SeedLegals website<\/span><\/a><span style=\"font-weight: 400;\"> and click on the chat button to discuss with our dedicated Irish team.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last March, NDRC opened applications for their accelerator programme, complete with a \u20ac100,000 SAFE investment for successful applicants. Around the same time, SeedLegals also launched a founder and investor-friendly SeedFAST agreement for Irish founders. Both models are examples of Advance Subscription Agreements (ASAs) that enable founders to access funding fast. &nbsp; According to last year\u2019s [&hellip;]<\/p>\n","protected":false},"author":67,"featured_media":2548,"parent":0,"menu_order":65,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-25468","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":{"has_translated_links":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why now is the perfect time to use a SeedFAST | SeedLegals<\/title>\n<meta name=\"description\" content=\"SeedLegals is the one-stop platform for all the legals you need to start, raise and grow your company. 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