3 ms·
When they keep referring to $100,000 investments for 7%, this is a typo right? (YC usually does ~$10k)
by cjbarber 13y ago
When they keep referring to $100,000 investments for 7%, this is a typo right? (YC usually does ~$10k)
- rdl 13y agoThey mean $80k for YC VC ($20k each from Yuri Milner, Andreessen Horowitz, General Catalyst, and Maverick Capital) plus the $14-20k from YC itself. The ~$20k is for 7% (of common stock); the $80k is under START Note terms, essentially convertible debt which inherits the cap/discount of the next note you do. It's conceivable that just means an uncapped note, so adds onto your Series A.
- jordn 13y agoDo all the startups get the ~$80k VC money? And is that at the beginning of the batch or at the end? (This part isn't mentioned like the $14-20k funding is http://ycombinator.com/apply.html http://ycombinator.com/apply.html)
- rdl 13y agoEveryone is offered it; as far as I know everyone has always taken it. I got mine around early July of the summer batch; I assume it's roughly the same still. If you really needed it early I'm sure you could arrange that.
- deleted 13y ago[deleted]
- frozenport 13y ago$100,000 is typical and it is not a lot of money: consider that it will be split 3 ways. This will leave you under the median household income.
- logicallee 13y agoconsidering it's not income, it leaves you well below the median household income.