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I could have missed something, but I don't think the YC terms are known until people get invited for interviews. The angel documents that YC uses are public, b
by wheels 18y ago
I could have missed something, but I don't think the YC terms are known until people get invited for interviews. The angel documents that YC uses are public, but I don't think the YC terms are. So, I don't believe teams at this point that are dealing with exploding termsheets do know the (potential) YC terms.
- pg 18y agoWhen we invite groups to interviews, we also give them a link to a page with all the documents, so they can have a lawyer look at them if they want. I believe our terms are actually more founder-friendly than the series AA terms. We had to make the series AA terms neutral lest investors balk.