Ask YC: Advice after receiving seed funding offer?
I recently learned that my co-founder and I have been offered seed funding from a VC. Our startup is working on a web app (I'm being purposely vague). The terms they are offering are a $25,000 investment with 70% common stock for the two founders, 10% common stock for themselves, and a 20% option pool, and they keep the right to invest up to 25% in the next round. They also propose a 3...