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A comment on I got into YC after applying 6 times. Here's my advice for YC applicants.

Re:I got into YC after applying 6 times. Here's my advice fo... by swankpot on Sunday March 20, 2011 @07:04PM (#2347687)
Founders are more savvy now, and no longer ask questions like, "So when we get money from investors, when do we have to pay them back?"

So if you do get $$ from investors, when do you have to pay them back?

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Re:I got into YC after applying 6 times. Here's my advice fo... by A1kmm on Sunday March 20, 2011 @07:15PM (#2347710)
If it is a convertible bond, that isn't really as silly a question as the article makes it out to be, and is very relevant given Yuri Milner's convertible bond offer - in which case I believe the answer is "1 year, unless Yuri decides to exercise the option to convert".
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