2 ms·
Does everyone in the YC program have funding? Obviously, they have access to funding, but does everyone without exception take on funding?
by andyfleming 14y ago
Does 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.