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ks2048
on Aug 30, 2022
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$250k for your AI-first product startup
So it’s in exchange for equity in the company? They don’t say how much?
zachthewf
on Aug 30, 2022
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It's on an uncapped mfn safe, so the amount of equity will be determined by your other investors.
ks2048
on Aug 30, 2022
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parent
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Okay thanks. Just wondering how it compares to YC. I know YC says mfn safe too but they say 7% (and it’s 500k and obvious differences in experience, mentoring, process etc)
zachthewf
on Aug 30, 2022
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Yep, basically this $250k is on the exact same terms as $375k of the YC $500K. (The first $125k of YC is for 7%, the next $375 is uncapped mfn.)
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