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Y Combinator released the Simple Agreement for Future Equity ("SAFE") investment instrument as an alternative to convertible debt in late 2013. [4] It was written by Carolynn Levy. This investment vehicle has since become popular in the U.S., Canada, [5] and Israel, due to its simplicity and low transaction costs.
Y Combinator interviews and selects two batches of companies per year. The companies receive a total of $500,000 in seed money as well as advice and connections. The $500,000 in funding is made up of $125,000 on a post-money SAFE in return for 7% equity and $375,000 on an uncapped SAFE with a "most favored nation" ("MFN") provision (i.e.: "we get the same best terms you give anyone else in the ...
The following notable startups have completed the Y Combinator Accelerator program. Mike Isaac described Y Combinator as: "Y Combinator accepts batches of start-ups twice a year in a semester-like system and gives them money, advice and access to a vast network of start-up founders and technologists who can advise them." [1]
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Newly released 911 audio revealed the horrifying moment a 7-year-old Ohio girl begged her armed father not to kill her during a standoff with cops, telling him, “I don’t want to go to heaven ...
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A rigid-sided, transportable, enclosed unit or vehicle designed to be towed behind a truck or automobile with a bumper or frame hitch. They are designed to be utilized primarily for recreational or temporary purposes. Camper trailers or travel trailers generally have dimensions of less than ten (10') feet in width and forty (40') feet in length.
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