jpglegal

3 ms·

1. 1.▲
   by jpglegal 5y ago

   Okay, I'm being told that Y Combinator's $125k safe for the 7% doesn't have a cap. Sorry for not realizing that, they don't seem to mention the lack of a cap in their "deal" descriptions. If that's the cas
2. 2.▲
   by jpglegal 5y ago

   One problem with these stats is that they're counting the 15% of founders who are Latino as non-white. However, in countries like Brasil and especially Mexico, a large portion of the people who are able to get tech startups up and runn
3. 3.▲
   by jpglegal 5y ago

   This is a lot of money, but the way this additional safe works is a bit scary. It takes on the terms of the lowest cap safe or convertible note between "when you're accepted to Y Combinator" and when you raise a priced round.