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Note that they also have YC funding: Q. What's your background? Paul and Kevin were accepted into Y-Combinator this summer to launch Pixate into it's current
by DanielRibeiro 14y ago
Note that they also have YC funding:
Q. What's your background?
Paul and Kevin were accepted into Y-Combinator this summer to launch Pixate into it's current prototype phase
- andyfleming 14y agoDoes everyone in the YC program have funding? Obviously, they have access to funding, but does everyone without exception take on funding?
- jchung 14y agoYes
- simonw 14y agoTo participate in YC you need to accept a very small equity deal from YC - this is usually around $17,000 for 7%, but I believe it can vary depending on the stage of the company. You later get the option to take a $150,000 convertible note at extremely good terms. This isn't mandatory, but the terms are designed to make it almost a no-brainier to say yes.