YC has a new deal that is $125k for 7% and an additional $375k on an uncapped note w/ MFN. Good move for them but makes YC incompatible with seed-stage VC's that lead rounds... hard for us to get our ownership with that add'l $375k from YC.https://blog.ycombinator.com/ycs-standard-deal/ …
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Replying to @pitdesi
Over/under on the number of founders who are going to be surprised by the MFN terms and accidentally give YC 15% of their company?
4 replies 1 retweet 60 likes -
Replying to @vcstarterkit @pitdesi
I have seen founders go into YC having done an MFN with a VC and being shocked to learn it applied. This will definitely happen.
1 reply 1 retweet 29 likes
oh wow that could wipe out a captable if you took too much money
10:49 AM - 10 Jan 2022
0 replies
0 retweets
2 likes
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