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Re:L.A. Dodgers Accelerator by jsprogrammer on Tuesday June 16, 2015 @01:21AM (#9723958)
Their marketing is also a bit misleading. The landing page claims to award/grant $120K to each team.

However, until you get near the last question of the separate 'FAQ' page, there is no mention of equity exchanges or convertible debt financing, nor that $100K of the prize is optional and if chosen, require the team to take ongoing financial obligations to the sponsor(s).

Re:L.A. Dodgers Accelerator by drewpmoffitt on Friday June 19, 2015 @01:41PM (#9746413)
Aren't the original YC terms 7% for $20,000 plus $100,000 uncapped note?