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Re:The Updated Pioneer Offer by js2 on Friday August 17, 2018 @10:02PM (#17786517)
I had to dig up the prior discussion to understand what was updated about the offer. Previously it was:

"In exchange for the investment and benefits below, Pioneer will retain 3% of any company you found over the next eight years. Pioneer will also have the option of investing an additional $20,000 for 5% in any of those companies. These conditions apply if you already have an incorporated company."

There was a lot of pushback from HN on those terms:

https://news.ycombinator.com/item?id=17725751

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