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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 ...
Founder. Lu Qi. Headquarters. Beijing, China. Website. miracleplus.com. MiraclePlus (Chinese: 奇绩创坛; pinyin: Qíjī Chuàngtán) is a Chinese venture capital firm headquartered in Beijing founded in 2018. It was spun off as an independent firm after Y Combinator China was closed. It is one of the largest startup accelerators in China.
Samuel Harris Altman (born April 22, 1985) is an American entrepreneur and investor best known as the chief executive officer of OpenAI since 2019 (he was briefly fired and reinstated in November 2023). [1] He is also the Chairman of clean energy companies Oklo Inc. and Helion Energy. [2] Altman is considered to be one of the leading figures of ...
Garry Tan (Chinese: 陳嘉興; Pe̍h-ōe-jī: Tân Ka-heng; born 1981) is an American venture capitalist and executive who is the CEO of Y Combinator [1] and a founder of Initialized Capital. [2] He previously co-founded Posterous and Posthaven. [3] He was an early employee at Palantir Technologies, and previously a partner at Y Combinator. [4]
But then, GiveDirectly went to Silicon Valley. Google got in early, awarding the charity its Global Impact Award and dispatching the head of Google.org to sit on GiveDirectly’s board. Since then, GiveDirectly has grown like a Y Combinator startup, its budget ballooning from $700,000 in 2012 to $17.4 million in 2014.
The venture capital firm Y Combinator is planning a pilot program that would give $1,000 each month to 1,000 low- and middle-income participants. And while, yes, it’s inspiring that a pro-poor policy idea has won the support of D.C. wonks and Ayn Rand tech bros alike, it’s worth noting that existing programs like food stamps, TANF, public ...
Spouse. Jade Li (m. after 2006) Children. 3. Jason McCabe Calacanis (born November 28, 1970) is an American Internet entrepreneur, [1] angel investor, [2] author and podcaster. [3][4] His first company was part of the dot-com era in New York. His second venture, Weblogs, Inc., a publishing company that he co-founded together with Brian Alvey ...
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