To cope with the increase in the early stage funding cycle, Y Combinator This morning, announced that it will expand the investment scale to 150,000 dollars with 7% principal from 2019 batches in winter.
Headquartered in Mountain View, California, YC funds and directs hundreds of start-ups through a 12-week program that founder will introduce business to Silicon Valley's best investor audience through a 12-week program . Airbnb, Dropbox, Instacart is his biggest hit song.
Since 2014, YC has invested 120 thousand dollars in its 7% stake in the company. YC's "Standard Contract" was only $ 20,000 in 2007, but the capital of the accelerator was constant in exchange for capital.
Michael Seibel, general manager of Y Combinator, said, "Without concern about fund raising, I thought that a company would cost $ 30,000 to focus on developing their products. I wrote on my blog this morning. "The capital of startup has never been abundant so far, and we will continue to focus on things that are hard to find, such as community, simplicity, systematic and personal advice, especially the experience of a great founder.
Seibel was appointed CEO in 2016. Co-founder Sam Altman is president of YC.
YC has also changed the way of investing. This is currently not a repair safe, but we plan to invest in a safe amount at startup. YC invented a safe funding mechanism in 2013. A safe and easy agreement for future action means that investors will invest in the company and receive shares of the company at a later date. In the safe it is a quick and easy way to quickly raise funds in business and according to YC the holders of these deposits were considered to be the initial investors of the Series A stock round. Or later.
In recent years, YC …
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