I understand that startups are being offered lots of money, but they said it was on really good terms. Can anyone explain the terms?
Ask HN: Can someone explain the Yuri/Conway-YC Deal?
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Re: Ask HN: Can someone explain the Yuri/Conway-YC Deal?
#2apparently it's $150k per startup in a convertible note with no dividend and no cap... sweet deal for any entrepreneur....
Re: Ask HN: Can someone explain the Yuri/Conway-YC Deal?
#3read Yokum's blog (http://www.startupcompanylawyer.com/2011/01/31/what-are-the-...)
Re: Ask HN: Can someone explain the Yuri/Conway-YC Deal?
#4apparently it's $150k per startup in a convertible note with no dividend and no cap... sweet deal for any entrepreneur....
can you explain 'convertible note' and 'no dividend' 'no cap'