Ask HN: Can someone explain the Yuri/Conway-YC Deal?

7 pointsby HackrNwsDesignrover 14 years ago

I understand that startups are being offered lots of money, but they said it was on really good terms. Can anyone explain the terms?

2 comments

dshankarover 14 years ago

read Yokum's blog (<a href="http://www.startupcompanylawyer.com/2011/01/31/what-are-the-terms-of-yuri-milnersv-angels-start-fund-150k-investment-into-y-combinator-companies/" rel="nofollow">http://www.startupcompanylawyer.com/2011/01/31/what-are-the-...</a>)

davidblernerover 14 years ago

apparently it's $150k per startup in a convertible note with no dividend and no cap... sweet deal for any entrepreneur....

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