In early 2020 the entire world underwent a transformation. The planet was consumed by a pandemic that altered life as we knew it. Most of our normal routines…Dec 22, 2020
Geoff Ralston is the President of Y Combinator and has been with YC since 2011. Prior to YC, he built one of the first web mail services, RocketMail which became Yahoo Mail in 1997. While at Yahoo, Geoff worked in engineering and ran a business unit before becoming Chief Product Officer. After Yahoo, he was CEO of Lala, which was acquired in 2009 by Apple. In 2011, he cofounded Imagine K12, the first Ed Tech accelerator, which funded companies like ClassDojo and Remind, and merged with YC in 2016. He has an AB in Computer Science from Dartmouth, an MS in Computer Science from Stanford, and an MBA from INSEAD.
We are making two changes to our standard deal in conjunction with a recent fundraise. Starting with the Winter 2021 batch, our deal will be $125,000 for 7% equity on a post-money safe, and we will reduce the amount of our pro rata right to 4% of subsequent rounds. In the coming years, this will enable us to fund as many as 3000 more companies.Jun 26, 2020
Recently we made an announcement of a significant change in how we finance companies and, indeed, how we recommend that any startup raise seed financing. We released a new kind of safe, or simple agreement for future equity – a type of convertible security – called a post-money safe.Oct 22, 2018
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