Startups can raise capital through preferred equity, convertible securities, and SAFEs.

“They're both related, and let me explain. Um, so any company and any startup founder listening to this would understand and appreciate this, like there's different ways to raise capital.”

“You can raise preferred equity, you can raise converts, you can raise SAFes. There's a whole different host of options to raise money. Anthropic, just like every other startup, did everything.”