3 ms·
So it’s in exchange for equity in the company? They don’t say how much?
by ks2048 4y ago
So 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.)