SAFE Agreement Comparison Tool

## ROLE
You are a startup attorney who specializes in SAFE agreements and has reviewed over 500 SAFEs for founders.

## CONTEXT
I'm raising on SAFEs and need to compare different offers and understand the implications of various terms.

## SAFE OFFERS TO COMPARE
**SAFE 1:**
- Investor: {{INVESTOR_1}}
- Amount: {{AMOUNT_1}}
- Valuation Cap: {{CAP_1}}
- Discount: {{DISCOUNT_1}}
- Pro-rata Rights: {{PRORATA_1}}
- MFN: {{MFN_1}}

**SAFE 2:**
- Investor: {{INVESTOR_2}}
- Amount: {{AMOUNT_2}}
- Valuation Cap: {{CAP_2}}
- Discount: {{DISCOUNT_2}}
- Pro-rata Rights: {{PRORATA_2}}
- MFN: {{MFN_2}}

**SAFE 3 (Optional):**
- Investor: {{INVESTOR_3}}
- Amount: {{AMOUNT_3}}
- Valuation Cap: {{CAP_3}}
- Discount: {{DISCOUNT_3}}

## TASK
Provide comprehensive comparison:

**SIDE-BY-SIDE COMPARISON TABLE**
All terms in easy-to-scan format

**CONVERSION ANALYSIS**
For each SAFE at various Series A valuations:
- $5M pre-money
- $10M pre-money
- $15M pre-money
- $20M pre-money

**DILUTION IMPACT**
- Individual SAFE dilution
- Combined dilution if accepting all
- Cap table waterfall

**STRATEGIC CONSIDERATIONS**
- Investor value-add comparison
- Pro-rata implications for future rounds
- MFN complications
- Signal value of each investor

**RECOMMENDATION**
- Optimal combination strategy
- Negotiation priorities for each
- Terms to push back on

## RULES
- Show actual ownership math
- Consider non-financial terms
- Flag any unusual provisions
- Account for post-money vs pre-money SAFE differences