A New Standard Deal
We are making two changes to our standard deal in conjunction with a recent fundraise. Starting with the Winter 2021 batch, our deal will be $125,000 for 7% equity on a post-money safe, and we will reduce the amount of our pro rata right to 4% of subsequent rounds. In the coming years, this will enable us to fund as many as 3000 more companies.
For background, YC originally gave about $2...Continue reading