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Ask HN: Can someone explain the Yuri/Conway-YC Deal? | Better HN
Ask HN: Can someone explain the Yuri/Conway-YC Deal?
7 points
HackrNwsDesignr
15y ago
3 comments
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I understand that startups are being offered lots of money, but they said it was on really good terms. Can anyone explain the terms?
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dshankar
15y ago
read Yokum's blog (
http://www.startupcompanylawyer.com/2011/01/31/what-are-the-...
)
davidblerner
15y ago
apparently it's $150k per startup in a convertible note with no dividend and no cap... sweet deal for any entrepreneur....
HackrNwsDesignr
OP
15y ago
can you explain 'convertible note' and 'no dividend' 'no cap'
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