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YC usually takes 7% for $150k in funding. You can read more about the Y Combinator Deal here https://www.ycombinator.com/deal https://www.ycombinator.com/deal
by andygcook 8y ago
YC usually takes 7% for $150k in funding. You can read more about the Y Combinator Deal here https://www.ycombinator.com/deal https://www.ycombinator.com/deal
- capocannoniere 8y agoInteresting to note: > In addition, we will continue to support the company in the priced equity round in which the safe converts, and subsequent financing rounds (priced equity rounds or bridge financing rounds) by participating in those rounds to approximately maintain our 7% ownership. This has been the case since 2015 approximately [1]. This means YC's stake in many of these companies is in the order of 10s or even 100s of millions, since they keep their 7% through subsequent funding rounds. That's huge. [1] https://blog.ycombinator.com/pro-rata/ https://blog.ycombinator.com/pro-rata/