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How does the $120k get allocated to the startup? Can cofounders take a tiny piece as a monthly income?

• deleted 10y ago
  [deleted]
• Lordarminius 10y ago
  Founders spend the money in any way they choose. Its stated on the site.
  • bsvalley 10y ago
    Is it allocated on day one? Full amount? Or gradually throughout the 3 month batch?
    • tyre 10y ago
      All at once. Timing of the payment is based on how long it takes to fill out the paperwork, which is highly variable based on company structure, maturity, organization, etc.
• gingerbread-man 10y ago
  That's exactly what the $120k is for. From the YC FAQs: "Half (maybe more) of the startups we fund don't need the money. And in fact the money is a only a small part of what YC does. The money we invest works more like financial aid in college: it ensures that the people who do need money can cover their living expenses while YC is happening."