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Ask HN: Can someone explain the Yuri/Conway-YC Deal?
I understand that startups are being offered lots of money, but they said it was on really good terms. Can anyone explain the terms?
- davidblerner 16y agoapparently it's $150k per startup in a convertible note with no dividend and no cap... sweet deal for any entrepreneur....
- HackrNwsDesignr 16y agocan you explain 'convertible note' and 'no dividend' 'no cap'
- dshankar 16y agoread Yokum's blog (http://www.startupcompanylawyer.com/2011/01/31/what-are-the-terms-of-yuri-milnersv-angels-start-fund-150k-investment-into-y-combinator-companies/ http://www.startupcompanylawyer.com/2011/01/31/what-are-the-...)