Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k
1–10 of 199 posts
Re: Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k
#2Wow, big win for YC!
Re: Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k
#3Wow; that's great news. Congrats to the YC companies for this opportunity!
Guess it's time to get cracking on those YC applications, folks...
Re: Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k
#4Holy shit. The word "disruptive" is overused but it's pretty applicable here. Crazy.
But is this fair to other angels/investors?
Re: Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k
#5> It’s the most investor friendly investment that I can think of, short of just handing people money as a gift.
s/investor/entrepreneur/
Re: Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k
#6$150,000 in convertible debt. With no cap and no discount.
I suspect all 40 companies will take the money on those terms. You would be crazy not to.
Re: Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k
#7YC is now the best deal that exists.
Re: Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k
#8Congrats to YC and all of the startups. Sadly, I can already hear the chants of "Bubble!".
Re: Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k
#9So this investment isn't at a valuation and the valuation is only decided at a future round at which point this converts into an amount of equity based off that valuation?
I've read about convertible notes before just a little confusing at first.
Re: Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k
#10[deleted]