Comparing investment agreements: SAFE, MAIS and Mútuos Conversíveis (convertible loans)

Investment in startups presents opportunities and risks for both founders and investors. While contracts help minimize risks, choosing the wrong model can disadvantage either party. Convertible loans were among the first startup investment contracts. 

Two newer alternatives emerged: SAFE (Simple Agreement for Future Equity), created for the U.S. market, and MAIS (Startup Investment Agreement Model), a Brazilian adaptation of SAFE.

Read Leonardo Ugatti's interview on startups.com about SAFE contracts and how they enable investors to share business risks with founders.