3 ms·

an announcement internally would have been nice...

• sama 11y ago
  Doesn't apply to you--as mentioned in the post, only companies from S14 on.
  • beambot 11y ago
    Announcement says you have the pro rata provision baked into docs in S14 onward... but from your statement, it sounded (to me too) like founders from previous rounds could also count on YC's participation if the startup voluntarily holds open some room for YC in subsequent rounds: > We will try to do this for every company in every round with a post-money valuation of $250 million or less.
    • foobarqux 11y ago
      I think it was pretty clear: "this" in that sentence refers to exercising the pro-rata, described in the previous sentence, which in turn was described as being added starting in S14 in the sentence before that.
    • sama 11y ago
      Fair; updated the wording. Thanks.
  • SandersAK 11y ago
    Not trying to be snarky - but the way it's worded in the post makes it seem like it's the norm moving forward but also included for all YC companies: "But starting in the Summer of 2014, we added a pro rata provision to our standard investment documents, and starting now, we're going to aim to support all YC companies in future financing rounds by doing our pro rata. We will try to do this for every company in every round with a post-money valuation of $250 million or less."
    • foobarqux 11y ago
      "This" in the last sentence clearly refers to exercising the pro-rata that was added beginning in S14.
      • gargarplex 11y ago
        I think he's just promoting BeaconReader, but I'm glad he did, because I had no idea it existed.