Meet Watsi, Y Combinator's First Nonprofit

Re:Meet Watsi, Y Combinator's First Nonprofit by dasht on Friday January 25, 2013 @05:29PM (#5118076)

Paul Graham, or anyone "in the know", may we please hear a bit about what the equivalent of a term sheet looks like for a Y Combinator non-profit investment? Is Y Combinator giving a grant? Is Watsi issuing debt to Y Combinator? What's the financing model here?

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Re:Meet Watsi, Y Combinator's First Nonprofit by pg on Friday January 25, 2013 @07:41PM (#5118651)

It's just a donation.

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Re:Meet Watsi, Y Combinator's First Nonprofit by robg on Saturday January 26, 2013 @08:22AM (#5120264)

Have you considered ycombinator.org? Call it a program-related investment and mirror the .com?

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Re:Meet Watsi, Y Combinator's First Nonprofit by rdl on Monday January 28, 2013 @11:33PM (#5132342)

One of the things I respect most about pmarca and a16z is that they donate the difference between real income tax rates and the bogus carry-as-capital-gains rates to charity (individually or as a firm, I forget).

I wish all VCs would do this, because carry-as-capital-gains is an incredible abuse of the system. I'm fine with founders getting this, and with LPs who invest cash, but VCs do not deserve preferential rates over other workers when they do not themselves take financial risk.

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