angelschool
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The main difference between convertible note vs SAFE is that a convertible note is a debt instrument that converts into equity during a future funding round, while a SAFE (Simple Agreement for Future Equity) is not considering debt and does not usually include interest rates or maturity dates. Angel School explains that both funding methods are commonly used by startups to raise early-stage capital, but they differ in legal structure, investor protections, and repayment obligations.