4 ms·
It's on an uncapped mfn safe, so the amount of equity will be determined by your other investors.
by realbarack 4y ago
It'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.)