Our Seed Investment Round, Explained

For the first time in our journey, we have opened our company to outside investments.

I’ve waited for a reason.

I wanted to make sure that before presenting this exciting technology for investment, that the value is there – that the software works, the lab can produce the eyewear, that the unique frames are meticulously designed, that we can properly assemble them and that the eyewear wearing experience is all that we’ve believed and hoped for.

I’m excited to say that the results have surpassed our visions and hopes, and that we feel we are standing on solid ground. We are now proud to open our company to outside investors, so you may participate in our journey.

Building a startup carries inherent risks, and ours is no exception. The more revolutionized the technology, the higher the risks, which command thoroughness and attention to every detail. To pursue the highest probability of success we’ve gathered a world class team who work diligently every step of the way. I am convinced that our timing is right, the technology is sound and that the market is ripe. After all, I bet a lot of my own money on it!

We’ve elected to use the SAFE investment method. Among all options we’ve studied, I find it the most intelligently streamlined way to execute a Seed round. In it, we selected the Discount Only option that is most appropriately geared towards a pre-revenue stage, like ours.

The principle of SAFE is that neither the investor nor the company can change the language of the agreement, and it is presented here for your review and approval in its original, unedited language.

Many Thanks,

Adi Ben-Shahar

To learn more about SAFE:
Y Combinator, the orchestrators of the SAFE agreements, have inspired investors and startups alike, and helped launch tens of thousands of startups around the globe. They have also remarkably and generously shared their work with the world at no cost. If you’d like to learn more about the agreement, here are some helpful links –

This is an article that breaks down the agreement in depth: Safe: “Discount, no valuation cap”
https://www.alexanderjarvis.com/post-money-safe-discount-only-version-explained-line-by-line/

Forbes article about SAFE agreements:
https://www.forbes.com/sites/kylewestaway/2023/01/06/understanding-safe-agreements-benefits-and-risks-for-startups/?sh=3c9ee653433e

A good guide for SAFE can be found here:
https://joshephraim.medium.com/complete-guide-to-understanding-safes-how-we-invest-at-dorm-room-fund-bbb37855ec4e