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

Posted by HackrNwsDesignr on Saturday February 26, 2011 @06:39PM
from the ask-hn dept.

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 | 7 points | on HN )

Re:Ask HN: Can someone explain the Yuri/Conway-YC Deal? by dshankar on Saturday February 26, 2011 @06:51PM (#2266874)

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Re:Ask HN: Can someone explain the Yuri/Conway-YC Deal? by davidblerner on Saturday February 26, 2011 @06:43PM (#2266855)

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

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Re:Ask HN: Can someone explain the Yuri/Conway-YC Deal? by HackrNwsDesignr on Saturday February 26, 2011 @07:22PM (#2266932)

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

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