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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 ...
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.
In 2018, Y Combinator (YC) established a unit in China known as YC China. It was led by Lu Qi, a former executive who had worked at Microsoft and Baidu. [1] [2]In November 2019 affected by the China–United States trade war, YC announced that it would be closing YC China.
The company’s annual recurring revenue—the money paid by businesses for Scale AI's services over extended periods of time—tripled in 2023 to an undisclosed amount and is expected to reach $1 ...
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According to CB Insights from 2020 to 2022, it was the most active startup accelerator in the world with an average deal count of 929 per year, followed by Y Combinator and Techstars. [ 2 ] History
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 ...
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] The word hacker in "Hacker News" is used in its original meaning and refers to the hacker culture which consists of people who enjoy tinkering with technology.