We are changing the standard deal at YC and increasing our investment from $120K to $150K. The $150K investment for 7% will be made on a post-money cap safe. We believe the post-money safe is simpler, making ownership and dilution easier to understand.
When Nokia people looked at the first iPhone, they saw a not-great phone with some cool features that they were going to build too, being produced at a small fraction of the volumes they were selling. They shrugged. “No 3G, and just look at
As the global economy increasingly runs on technology-enabled rails and every company becomes a tech company, C-suite execs across all sectors worry that access to software developer talent is more of a threat to their success than access to capital.
In emerging market countries where economic volatility is a way of life, there aren’t a lot of relatively safe options for members of the burgeoning middle class to park their money. For instance, countries like Nigeria have experienced a tremendous growth in the number