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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 ...
Daniel Gross is an American entrepreneur who co-founded Cue, led artificial intelligence efforts at Apple, served as a partner at Y Combinator, [1] and is a notable technology investor in companies like Uber, Instacart, Figma, GitHub, Airtable, Rippling, CoreWeave, Character.ai, Perplexity.ai, and others. [2][3][4] In June 2024, Ilya Sutskever ...
Leading the resistance, startup incubator Y Combinator and venture capital firm Andreessen Horowitz have each gathered letters of opposition, signed by over a hundred startups.
Pu Haiyang—Xinhua/Getty Images. Y Combinator—the startup incubator that helped launch DoorDash, Airbnb, Reddit, and Instacart—is backing a weapons maker for the first time, betting that it ...
Ever since Garry Tan came on as Y Combinator CEO last year, there have been changes. Last March, Tan cut its late-stage investing and laid off 17 investors, and he shrank the size of YC’s ...
Current status. Online. Written in. Arc. Hacker News (HN) is a social news website focusing on computer science and entrepreneurship. It is run by the investment fund and startup incubator Y Combinator. In general, content that can be submitted is defined as "anything that gratifies one's intellectual curiosity." [1]
In a recent tweet, Y Combinator CEO Garry Tan took a dismissive swipe at EA. Responding to a list of EA-affiliated organizations supporting SB-1047, including those funded by Skype cofounder Jaan ...