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  1. M

    Hi folks, at which round is the SAFE cap converted into equity

    @i_believe I appreciate the clarification. Thank you!
  2. M

    Hi folks, at which round is the SAFE cap converted into equity

    @i_believe Oh, interesting. Does that mean founders don't start vesting until the "equity round" when the SAFEs convert?
  3. M

    Hi folks, at which round is the SAFE cap converted into equity

    @loujohn Note that YC's $375k SAFE will adopt the most favorable terms from amongst all the other SAFE investors. So if another SAFE has any valuation cap in its terms, YC will convert based on that same cap.
  4. M

    ouch, anyone received this too for W24?

    @meme3 Thanks for the info!
  5. M

    ouch, anyone received this too for W24?

    @meme3 Oh, sorry to hear that! How long did the response take from when you put your application in? Remember, you don't need YC to continue talking to users and building a business. Press on! 🌞 BTW, I'm planning on sending in my W24 application in about week 😅
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