3 ms·
The figures are accurate. It used to be enough to properly fund people, but now it's a nominal figure. Each company gets an automatic investment, if they choo
by timcederman 13y ago
The figures are accurate. It used to be enough to properly fund people, but now it's a nominal figure. Each company gets an automatic investment, if they choose to take it, of just less than $100k.
- michaelochurch 13y agoWith what terms? What's the valuation and how bad are the liquidation preferences, board concessions, etc.?
- timcederman 13y agoFor YC's, I believe it's all listed out online. For the rest of the money, it's simply an uncapped convertible note.