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Innovation: How do I calculate the value of my startup if there are people interested in investing before the launch?
Jason Kraus, Prepare 4 VC founder and CEO answered:

Convertible notes or Simple Agreements for Future Equity (SAFE) solve this and defer the valuation until you have traction. Standard agreements provide a 9-12+ month runway of capital for launch in exchange for a 20% discount to a priced equity round that you raise (sometimes with valuation that cap that places a minimum equity amount for these investors).

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