# investment-terms

Updated: 2026-11-03

# Proposed $1M SAFE offering — investment terms
**Issuer:** AIBM Inc. (Ownbox) | **Updated:** 2026-11-02 | **Status:** Proposed, not signed; definitive documentation controls

## Term summary
- Instrument under consideration: YC-style post-money SAFE, valuation cap only, no discount.
- Total target raise: **$1,000,000**.
- Proposed minimum check: **$50,000**, subject to issuer acceptance and compliance.
- Illustrative tranches below are offered in sequence subject to availability, issuer discretion and final agreement. They are **not** a guarantee of allocation, timing or investment acceptance.

| Tranche | Target receipts | Post-money SAFE valuation cap | Illustrative cap-based ownership |
| --- | ---: | ---: | ---: |
| First | $400,000 | $11,000,000 | 3.6364% |
| Second | $350,000 | $13,000,000 | 2.6923% |
| Final | $250,000 | $15,000,000 | 1.6667% |
| **Total** | **$1,000,000** | Multiple caps | **7.9953% (~8.00%)** |

Formula for this **illustration only**: investment amount divided by that instrument's post-money valuation cap. The combined effective blended cap based on total implied cap-based ownership is approximately **$12,507,289**. This is a mathematical equivalent, not an independently established valuation of Ownbox.

## What it does not mean
The valuation cap is not a priced equity round, company appraisal, guarantee of share quantity, enterprise value, or prediction of future returns. A future financing at a low valuation can change conversion economics. A later priced round and other equity issuances can dilute shareholders. A SAFE is generally not current equity ownership.

## Supplemental rights
No MFN or pro rata rights are automatically granted by the proposed cap-only SAFE. Any additional rights would require a separately approved and executed side letter.

## How to discuss participation
Schedule an investor call: https://cal.com/brianmacdonald/30min. No funds or commitments are requested through this public knowledge base. All purchasers must be verified as accredited under Rule 506(c), and the issuer must accept the investment under final documents.

## Primary references
- YC SAFE documentation: https://www.ycombinator.com/safe
- SEC Rule 506(c): https://www.sec.gov/resources-small-businesses/exempt-offerings/general-solicitation-rule-506c
- [Legal and risk notice](https://bmacbuilds.ownbox.app/kb/public/raise/legal.md)