Ask HN: Can someone explain the Yuri/Conway-YC Deal?

7 pointsHackrNwsDesignr15y ago3 comments

I understand that startups are being offered lots of money, but they said it was on really good terms. Can anyone explain the terms?

3 comments

3 comments · 2 top-level

davidblerner15y ago· 1 in thread

apparently it's $150k per startup in a convertible note with no dividend and no cap... sweet deal for any entrepreneur....

can you explain 'convertible note' and 'no dividend' 'no cap'

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