Series A


A Guide to Preemptive Funding Offers

Unprepared founders can get trapped by the dynamics of a preemptive offer and forced into suboptimal outcomes. If you find yourself in a situation where you think you are getting preempted, here’s what to do.

A Standard and Clean Series A Term Sheet

We wrote a standard Series A term sheet to create more transparency in the market.

Things We’ve Learned About Series As

One year ago, we announced the Series A program (YCA) to bring more transparency and consistency to fundraising. Six months ago, we announced the first Series A Batch. Here’s how it has been going, and a bit of what we learned.

YC Series A Program Investor Access

Our second YCA batch is now in session. These companies are about to start fundraising and we want to give more investors the chance to invest in YC companies. We’ll be doing that through a new portal we built. If you’d like access to that system, or to be considered for it in the future, please apply here.

Introducing YC Series A Batches

We launched a Series A program 6 months ago, but we started prototyping the program 6 months before that with a few companies. In that year, we’ve learned a huge amount about what works and what doesn’t work when raising an A. We’re now ready to launch the next phase of the program: working with companies that are ready for a Series A in batches, just like regular YC.

When to Raise a Series A

One of the hardest questions to answer when considering an A is “when is my company ready?” I’ve been returning to this problem nearly every day since we started the Series A program and I’ve started to build a framework for how to solve it.

Process and Leverage in Fundraising

In running our Series A program, we uncovered a way to materially influence the leverage a founder has in any round: process. Process is important because it gives founders the best opportunity to create a market for startups that favors the founders in the most important aspect of raising money: getting the right investor.

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