Safe Auto Group Agency’s compensation from these insurers may vary between the insurers and based on the policy you buy. Safe Auto Group Agency, Inc and/or its affiliates (“Safe Auto”) is located and operated exclusively in the United States of America. SAFE Federal Credit Union does not make claims regarding the accessibility of third-party linked websites and is not able to make accommodations on such websites. Please be advised that SAFE Federal Credit Union does not represent either the third party or you, the member, if you enter into a transaction. The SAFE program is customized to address specific areas of need for each client, focusing on the prevention of workers’ compensation losses. Many of our clients have seen the impact of our effective accident prevention programs especially by reducing the frequency and severity of workplace accidents.
A SAFE (simple agreement for future equity) is an agreement between an investor and a company that provides rights to the investor for future equity in the company similar to a warrant, except without determining a specific price per share at the time of the initial investment. The SAFE investor receives the future shares when a priced round of investment or liquidity event occurs. SAFEs are intended to provide a simpler mechanism for startups to seek initial funding than convertible notes.
Mechanics[edit]
The precise conditions of a SAFE vary. However, the basic mechanics[1] are that the investor provides a certain amount of funding to the company at signing. In return, the investor receives stock in the company at a later date, in connection with specific, contractually-agreed on liquidity events. The primary trigger is generally the sale of preferred shares by the company, typically as part of a future priced fund-raising round. Unlike a straight purchase of equity, shares are not valued at the time the SAFE is signed. Instead, investors and the company negotiate the mechanism by which future shares will be issued, and defer actual valuation. These conditions generally involve a valuation cap for the company and/or a discount to the share valuation at the moment of the trigger event. In this way, the SAFE investor shares in the upside of the company between the time the SAFE is signed (and funding provided) and the trigger event.
Unlike a convertible note, a SAFE is not a loan; it is more like a warrant. In particular, there is no interest paid and no maturity date, and therefore SAFEs are not subject to the regulations that debt may be in many jurisdictions. This simplicity is the primary motivation of a SAFE. 'Safes should work just like convertible notes, but with fewer complications', according to startup accelerator Y Combinator.
History and criticism[edit]
Y Combinator released the Simple Agreement for Future Equity ('SAFE') investment instrument as an alternative to convertible debt in late 2013.[2] This investment vehicle has since become popular in the U.S., Canada,[3] and Israel, due to its simplicity and low transaction costs. However, as use has become more prevalent, concerns have emerged as to its possible impact on entrepreneurs, especially where multiple SAFE investment rounds are done prior to a priced equity round,[4] as well as possible dangers for non-accredited crowdfunding investors who might invest in SAFEs of companies that realistically will never obtain VC financing, and therefore never trigger a conversion into equity.[5]
References[edit]
- ^'SAFE financing documents'. www.ycombinator.com. Retrieved 25 March 2018.CS1 maint: discouraged parameter (link)
- ^'SAFEs and KISSes Poised to Be the Next Generation of Startup Financing'. The National Law Review. 2015-05-06. Retrieved 2016-05-05.
- ^'A SAFE model for early-stage investing in Canada'. betakit.com. Retrieved 25 March 2018.CS1 maint: discouraged parameter (link)
- ^Levensohn, Pascale. 'Why SAFE notes are not safe for entrepreneurs'. techcrunch.com. Retrieved 25 March 2018.CS1 maint: discouraged parameter (link)
- ^Green, Joe. 'SEC rightly concerned about 'so-called SAFE' securities in crowdfunding'. reuters.com. Retrieved 25 March 2018.CS1 maint: discouraged parameter (link)
Certification basics
Scaled Agile’s role-based offerings focus on the skills, knowledge, and experience required to successfully perform the job in a SAFe working environment. Before taking the certification exam, individuals are required to attend the relevant SAFe course and are highly encouraged to read recommended books and articles, and take advantage of videos and enablement resources, in addition to gaining real-world experience in the role.Scaled Agile maintains rigorous quality standards to ensure that those who have earned the certification are well prepared to effectively fulfill their role in a SAFe enterprise.
Learning journey: checklist
- Attend the course related to exam
- Study based on the course and exam study materials provided
- Incorporate learnings into real-world experiences
- Take the practice test on the SAFe Community Platform
- Take the actual exam through the SAFe Community Platform
- Become a member of the SAFe Community
Attend the course
- Course completion is the first step toward SAFe certification.
- Scaled Agile training classes are designed with the learner in mind. Incorporating active learning techniques with a robust role-based curriculum is a great start to the SAFe learning journey.
- Receive access to the SAFe Community Platform after the class, which provides access to study materials & the exam.
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Review the relevant SAFe® Certification page for complete details on the exam:
Detailed exam study guides are available to help prepare for the exam and are part of the Learning Plan provided to candidates on the SAFe Community Platform. Each study guide provides relevant and content-specific exam information, such as the certification role description, prerequisite skills and knowledge, exam objectives, and a comprehensive reading list.
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Practice tests can help prepare for the exam and are part of the Learning Plan on the SAFe Community Platform. With a practice test candidates can ‘test before the test.’ It simulates the actual certification exam in duration, difficulty, and topic area. Passing the practice test does not guarantee passing the certification exam, but it provides a testing simulation, and the score report can be used to identify an individual’s strengths and weaknesses.
Practice tests are available at no additional charge, delivered through the Learning Plan in the SAFe Community Platform, and can be taken as many times as needed. Note that testers will receive the same bank of questions each time, but they will be randomized.
Sample tests provide examples of the type and format of the questions to expect on the certification exam. They are publicly available for all exams under Exam Details on each certification detail page.
Leverage experience. It’s more than being book smart. Scaled Agile exams test specific knowledge, skill, experience, and attitudes related to each SAFe job role. Combining a person’s learning and studying with their real-world experiences is key to becoming SAFe® Certified.
Take the exam
- A link to the exam is included in the Learning Plan on the SAFe Community Platform.
- Candidates have 30 days after course completion to take the exam at no additional charge. However, once they start the exam, they’ll have a fixed time to complete it.
- Complete exam information, including exam time limit, number of questions, and a sample test, is available for all exams under Exam Details on each certification detail page.
Exam retake policy
The following applies to all Scaled Agile exams, except sample tests and practice tests:
- The first time an exam is taken is considered a “first attempt” and not a retake
- If a certification exam is not successfully completed on the first attempt, there is no waiting period before taking the exam a second time
- A second attempt (first retake) of an exam can be done immediately after the first attempt for a fee*
- A third attempt requires a 10-day wait before the exam can be retaken for a fee*
- A fourth attempt requires a 30-day wait before the exam can be retaken for a fee*
- Once an exam is successfully completed, exam retakes are not allowed. The candidate may not take the same exam again, unless there has been an announced update to the exam.
*There is a fee associated with each retake attempt. See each exam page for the specific retake fee associated with the exam.
Continue the learning journey
Becoming SAFe certified should be the beginning of an ongoing pursuit of learning and knowledge.
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- Learn more about SAFe Learning Paths and Roles
- SAFe Principle #8—Unlock the Intrinsic Motivation of Knowledge Workers
- SAFe recommended reading for SAFe Agilists
- Training for executives, managers, and leaders