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@biblequest I came in as a late cofounder once — we agreed on 10% post dilution from F&F rounds (they were all SAFEs so actual equity percentage was a little higher)

@jestrada What the hell are you actually selling that costs that much to a consumer audience? Only way I would ever pay that much is if I’m getting a deal.

@mormarw Note - the terms of the 375K are for priced rounds and other SAFEs with terms. They have a MFN clause that lets them pick the best terms from any future round.

@clementinemoon YC used to invest in most seed rounds already for the batch of startups — now they just committed to doing so out of the gate; the MFN clause almost always hits on the valuation of the seed round

@greekorthodox123456 Alot of wrapper startups will likely pivot -- it's super early stage investing and they are investing as much in founder potential then the specific idea. Also I checked the last batch -- the vast majority of them aren't just GPT wrappers. (obviously some are -- but it's...

@sg1371 Gotcha — yeah I am at much too small of a company for that to be useful. Used to work at fang though and it might have been useful there. It was hard as hell to find exactly what I needed.

@sg1371 So is this sort of like long form chat gpt? I have run into the character limit before — definitely could be a potential user. It’s not really my biggest problem though and I wouldn’t pay for it so I am not really your target customer