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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 ...
Paul Graham (/ ɡræm /; born November 13, 1964) [3] is an English-American computer scientist, writer, entrepreneur and investor. His work has included the programming language Arc, the startup Viaweb (later renamed Yahoo! Store), co-founding the startup accelerator and seed capital firm Y Combinator, his essays, and Hacker News.
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 ...
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 ...
In combinatory logic for computer science, a fixed-point combinator (or fixpoint combinator), [1]: p.26 is a higher-order function (i.e. a function which takes a function as argument) that returns some fixed point (a value that is mapped to itself) of its argument function, if one exists. Formally, if is a fixed-point combinator and the ...
Startup accelerator Y Combinator is backing its first weapons startup — a firm that says it can make missiles smaller and cheaper than its competitors. "Ares is building a new class of anti-ship ...
Dogpatch Labs offers successful applicants to the NDRC Accelerator a €100,000 investment using SAFE (Simple Agreement for Future Equity) [46] which was originally introduced by Y Combinator (YC) in late 2013. In September 2021 Dogpatch Labs open-sourced its version of the YCombinator SAFE, adapted for Irish Law, for any founders and investors ...