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A simple agreement for future equity (SAFE) is an agreement between an investor and a company that provides rights to the investor for future equity in the company similar to a warrant, except without determining a specific price per share at the time of the initial investment. The SAFE investor receives the future shares when a priced round of ...
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 ...
Born. (1982-10-07) October 7, 1982 (age 42) New York City, U.S. Education. Yale University. Michael Seibel (born October 7, 1982) is a partner at Y Combinator and co-founder of two startups – Justin.tv / Twitch and Socialcam. [1][2] He first joined Y Combinator in 2013, advising hundreds of startups, and has been active in promoting diversity ...
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 ...
— Y Combinator (@ycombinator) August 21, 2024. The investment in Ares Industries marks the first time YC is taking a stake in a defense startup.
Graham cofounded famed startup accelerator Y Combinator in 2005, which has been an incubator for companies like Dropbox, Airbnb, and Reddit. Read the original article on Business Insider Show comments
ChatGPT is a generative artificial intelligence (AI) chatbot [2] [3] developed by OpenAI and launched in 2022. It is based on the GPT-4o large language model (LLM). ChatGPT can generate human-like conversational responses, and enables users to refine and steer a conversation towards a desired length, format, style, level of detail, and language. [4]
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