4 ms·
Great format! $20k for 1.5% if the company ever IPO's or becomes more valuable than $100MM. I wonder what YC's normal stake is in a company after a company is
by TheBiv 11y ago
Great format!
$20k for 1.5% if the company ever IPO's or becomes more valuable than $100MM. I wonder what YC's normal stake is in a company after a company is valued at more than $100MM.
- philip1209 11y agoI wonder whether the converted equity includes pro rata rights, too
- TheBiv 11y agoCompletely agree...definitely interesting!
- mattkrisiloff 11y agoIt does not include pro rata rights. The convertible security is a version 1 though, so it's possible we'll iterate on it for future batches.
- roymurdock 11y ago> has a funding event or acquisition that values the company at $100M or higher. Would be interested to see how this is written into the contract - implied valuation of $100m through funding could be squirrely.