{"id":25714,"date":"2026-04-16T15:40:09","date_gmt":"2026-04-16T13:40:09","guid":{"rendered":"https:\/\/www.franceangels.org\/?p=25714"},"modified":"2026-04-16T15:40:11","modified_gmt":"2026-04-16T13:40:11","slug":"safe-ou-obligations-convertibles-zoom-sur-la-position-des-business-angels","status":"publish","type":"post","link":"https:\/\/www.franceangels.org\/en\/article\/safe-ou-obligations-convertibles-zoom-sur-la-position-des-business-angels\/","title":{"rendered":"SAFE ou Obligations Convertibles : zoom sur la position des Business Angels"},"content":{"rendered":"\n

Chez Angels Sant\u00e9<\/a><\/strong>, comme dans la plupart des r\u00e9seaux de Business Angels, la question de la structuration juridique d\u2019un projet est syst\u00e9matiquement pos\u00e9e avant toute avanc\u00e9e s\u00e9rieuse.\u00a0<\/p>\n\n\n\n

Si la majorit\u00e9 des startups se tournent naturellement vers des lev\u00e9es en equity, certaines envisagent encore des SAFE (ou BSA AIR ; voir ci-dessous) ou des Obligations Convertibles (OC).<\/p>\n\n\n\n

Quel regard porte Angels Sant\u00e9 sur ces instruments, et pourquoi leur adoption peut-elle poser certains probl\u00e8mes, notamment en primo-investissement ?<\/p>\n\n\n\n

Dans un article d\u00e9di\u00e9<\/a><\/strong>,\u00a0Caroline Sa\u00ef<\/a><\/strong>, Directrice d\u2019Angels Sant\u00e9, partage son analyse du sujet.<\/p>\n","protected":false},"excerpt":{"rendered":"

Chez Angels Sant\u00e9, comme dans la plupart des r\u00e9seaux de Business Angels, la question de la structuration juridique d\u2019un projet est syst\u00e9matiquement pos\u00e9e avant toute avanc\u00e9e s\u00e9rieuse.\u00a0 Si la majorit\u00e9 des startups se tournent naturellement vers des lev\u00e9es en equity, certaines envisagent encore des SAFE (ou BSA AIR ; voir ci-dessous) ou des Obligations Convertibles (OC).…<\/p>\n","protected":false},"author":4,"featured_media":25715,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[84],"tags":[147,1834,1833],"yoast_head":"\nSAFE ou Obligations Convertibles : zoom sur la position des Business Angels - France Angels<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.franceangels.org\/article\/safe-ou-obligations-convertibles-zoom-sur-la-position-des-business-angels\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SAFE ou Obligations Convertibles : zoom sur la position des Business Angels - France Angels\" \/>\n<meta property=\"og:description\" content=\"Chez Angels Sant\u00e9, comme dans la plupart des r\u00e9seaux de Business Angels, la question de la structuration juridique d\u2019un projet est syst\u00e9matiquement pos\u00e9e avant toute avanc\u00e9e s\u00e9rieuse.\u00a0 Si la majorit\u00e9 des startups se tournent naturellement vers des lev\u00e9es en equity, certaines envisagent encore des SAFE (ou BSA AIR ; voir ci-dessous) ou des Obligations Convertibles (OC).…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.franceangels.org\/article\/safe-ou-obligations-convertibles-zoom-sur-la-position-des-business-angels\/\" \/>\n<meta property=\"og:site_name\" content=\"France Angels\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/france.angels\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-16T13:40:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-16T13:40:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.franceangels.org\/wp-content\/uploads\/2026\/04\/Visuels-articles-13.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1633\" \/>\n\t<meta property=\"og:image:height\" content=\"805\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"sylvain Godard\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@franceangels\" \/>\n<meta name=\"twitter:site\" content=\"@franceangels\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"sylvain Godard\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.franceangels.org\/article\/safe-ou-obligations-convertibles-zoom-sur-la-position-des-business-angels\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.franceangels.org\/article\/safe-ou-obligations-convertibles-zoom-sur-la-position-des-business-angels\/\"},\"author\":{\"name\":\"sylvain Godard\",\"@id\":\"https:\/\/www.franceangels.org\/#\/schema\/person\/648593124b8eaf770f4db2940aaecf95\"},\"headline\":\"SAFE ou Obligations Convertibles : zoom sur la position des Business Angels\",\"datePublished\":\"2026-04-16T13:40:09+00:00\",\"dateModified\":\"2026-04-16T13:40:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.franceangels.org\/article\/safe-ou-obligations-convertibles-zoom-sur-la-position-des-business-angels\/\"},\"wordCount\":110,\"publisher\":{\"@id\":\"https:\/\/www.franceangels.org\/#organization\"},\"keywords\":[\"Angels Sant\u00e9\",\"SAFE ou Obligations Convertibles\",\"T\u00e9moignage\"],\"articleSection\":[\"Les paroles d\u2019experts\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.franceangels.org\/article\/safe-ou-obligations-convertibles-zoom-sur-la-position-des-business-angels\/\",\"url\":\"https:\/\/www.franceangels.org\/article\/safe-ou-obligations-convertibles-zoom-sur-la-position-des-business-angels\/\",\"name\":\"SAFE ou Obligations Convertibles : zoom sur la position des Business Angels - 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