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I think it's also a great deal for first time founders and people who aren't all that familiar with startup funding. $120k for 7% is a lot clearer than $17k + $
by LukeWalsh 12y ago
I think it's also a great deal for first time founders and people who aren't all that familiar with startup funding. $120k for 7% is a lot clearer than $17k + $80k for 7% + converted shares no cap no discount.
I also think this is great news for what it will force other accelerators to do. Many people out there claim to copy YC's model with much less friendly terms on the convertible note. This puts everything out in the open if they want to keep up.
- rpgmaker 12y agoIt's way clearer. Is there a book or a resource on the web to learn about startup funding?
- asaddhamani 12y agoThis does not include a lot about startup funding, at least not the details, but still, for beginners, I'd say its pretty good. http://www.forbes.com/sites/brentbeshore/2013/02/19/the-non-entrepreneurs-guide-to-startup-funding/ http://www.forbes.com/sites/brentbeshore/2013/02/19/the-non-...
- dangoldin 12y agoNot sure if you meant a book on the web but I liked Venture Deals - http://www.amazon.com/Venture-Deals-Smarter-Lawyer-Capitalist/dp/1118443616 http://www.amazon.com/Venture-Deals-Smarter-Lawyer-Capitalis...
- mindcrime 12y agoCheck some of the books and links in this list. https://news.ycombinator.com/item?id=7429222 https://news.ycombinator.com/item?id=7429222