An Interest In:
Web News this Week
- March 31, 2024
- March 30, 2024
- March 29, 2024
- March 28, 2024
- March 27, 2024
- March 26, 2024
- March 25, 2024
Some of Our Sources
- Engadget
- Techcrunch
- Technology Review
- Just Creative
- Pearsonified
- The Logo Smith
- Smashing Magazine
- Wal You
- Web Resource Source
- Android Dissected
Help Webnuz
Referal links:
August 2, 2011 12:56 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/RV6R6rDEC7Y/
Start Fund And SV Angel invest $9 Million In New Y Combinator Startups
Earlier this year SV Angel and Yuri Milner partnered on a new venture fund, called Start Fund, to invest $150,000 in every new Y Combinator startup. All but one company from that class took the money. And LikeALittle, the holdout, had already taken funding from both Milner and SV Angel.At TechCrunch Disrupt in New York a couple of months ago SV Angel said they were making the same offer to the most recent batch of Y Combinator startups. The terms are the same - $150,000 in convertible debt with no cap and no discount on conversion. If you don't speak venture capitalist, here's what that means - other than gifting someone money, this is the most favorable a startup can raise money. It's very easy to say yes to this.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/RV6R6rDEC7Y/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch