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So YCVC notes/SAFE are capped now? I thought they were uncapped? IIRC they were in the Start Fund days.
by sjtgraham 13y ago
So YCVC notes/SAFE are capped now? I thought they were uncapped? IIRC they were in the Start Fund days.
- jacobheller 13y agoI'm not sure about the YCVC notes in particular, but if I had to guess, they are probably uncapped with a so-called "Most Favored Nation" clause that gives the YCVC safe-holders the benefit of the founders' most favorable (to the investor) terms. The example of the safe we posted is specifically one with a valuation cap and no discount. But there are different options available, all available on YC's site: http://ycombinator.com/safe/ http://ycombinator.com/safe/
- fizx 13y agoOptionally
- pg 13y agoThe YCVC safe is uncapped.