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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 ...
Morris was born in 1965 to parents Robert Morris and Anne Farlow Morris. The senior Robert Morris was a computer scientist at Bell Labs, who helped design Multics and Unix; and later became the chief scientist at the National Computer Security Center, a division of the National Security Agency (NSA).
Side letters may also be used in relation to private fund contracts, for example a particular investor may wish to vary the terms of a limited partnership agreement with respect to that particular investor. An investor might be seeking more favourable terms under the contract or might need the side letter to enter the venture under terms to ...
The accelerator’s Demo Day was all about A.I. startups—but a couple of other themes emerged.
Y Combinator — a startup accelerator company based in California. Subcategories. This category has the following 3 subcategories, out of 3 total. ...
Project Include, a high-profile Silicon Valley diversity initiative, has officially cut ties with the influential Y Combinator venture incubator due to its ties to prominent Donald Trump supporter ...
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 could shake up the defense industry ...