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Hello, I am completely new to this and the MFN safe/375k$ are confusing me. What if my company gets accepted into YC but never receives any further funding/inve
by totalnoob2024 2y ago
Hello, I am completely new to this and the MFN safe/375k$ are confusing me. What if my company gets accepted into YC but never receives any further funding/investment after that?
Do I still get the 375k$ and if so, how many shares do they get for it or is it included in the 7% already? Or do I only get 125k$ initially for 7% and the 375k$ later when there is a next round?
I am a noob in the startup world, but this feels like YC could be abused to get "easy money" while in reality the founders never intend to scale the company beyond that / hope for organic growth.
Can someone explain, please? Thank you!