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welcome to the dream it dose we see a lot of startups doing their angel pre-seed and seed rounds as convertible notes and safes when we ask what type of terms theyre looking for including the cap many struggle with how best to answer its important to know the ins and outs of getting this right lets dive in dream adventures has been investing in great early stage startups for over a decade the dream at dose allows us to share best practices to help even more founders tell us about your great startup using the links below before we can start talking about how to set the terms including cap lets quickly review some definitions related to convertible notes and safes first of course theres how much youre raising by the way for help in figuring out how much you should raise check out our dream of dose on the topic but for now lets say youre raising somewhere between three hundred thousand and three million dollars typically at the really early stages instead of a priced equity round