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Investments are not “grants.” Very misleading.
by in3d 4y ago
Investments are not “grants.” Very misleading.
- mousetree 4y agoThere is a very clear section titled "Wait, is this a grant or an investment?"
- in3d 4y agoExactly, and yet they still call it a “grant.” Would you have no problem if Amazon called themselves a charity?
- zaroth 4y agoHuh? >> Wait, is this a grant or an investment? > It is an investment.
- meragrin_ 4y ago"The AI Grant program:" Easy to misunderstand. The word "investment" does not show up until way down the page.
- aaaaaaaaata 4y agosmile.amazon.com
- jedberg 4y agoThe name of the organization is "AI Grant", because they started out giving grants. They're not saying that they give grants now.
- Frost1x 4y agoSounds like they need to rename their organization to AI Investments.
- ks2048 4y agoSo it’s in exchange for equity in the company? They don’t say how much?
- realbarack 4y agoIt's on an uncapped mfn safe, so the amount of equity will be determined by your other investors.
- ks2048 4y agoOkay thanks. Just wondering how it compares to YC. I know YC says mfn safe too but they say 7% (and it’s 500k and obvious differences in experience, mentoring, process etc)
- realbarack 4y agoYep, basically this $250k is on the exact same terms as $375k of the YC $500K. (The first $125k of YC is for 7%, the next $375 is uncapped mfn.)