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Y Combinator rejigs deal model: $120K, 7% stake, no VC co-investors – StartupCentral

Silicon Valley startup accelerator Y Combinator (YC) will put more money to work in startups for the same equity stake that it normally takes,the accelerator’s new president Sam Altman announced yesterday in a blog post. It will now put $120,000 to work in each startup in lieu of a 7 per cent stake. Earlier, the accelerator’s standard deal was $17,000 for 7 per cent, plus a safe that converted at the terms of the next money raised for another $80,000. “The investment will come in two chunks, which together will represent a flat 7% of the company.  Although YC itself continues to have no LPs (and that way we have the flexibility to do things like fund non-profits), a portion of the investment is from a fund YC manages that does have LPs. Most people don’t do YC for the financial investment—they…

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