The figures are accurate. It used to be enough to properly fund people, but now ... | Hacker News

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		timcederman on April 23, 2013 \| parent \| context \| favorite \| on: Y Combinator's Value to The US Economy The figures are accurate. It used to be enough to properly fund people, but now it's a nominal figure. Each company gets an automatic investment, if they choose to take it, of just less than $100k.

michaelochurch on April 23, 2013 [–]

With what terms? What's the valuation and how bad are the liquidation preferences, board concessions, etc.?

timcederman on April 23, 2013 | [–]

For YC's, I believe it's all listed out online. For the rest of the money, it's simply an uncapped convertible note.

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