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Y Combinator released the Simple Agreement for Future Equity ("SAFE") investment instrument as an alternative to convertible debt in late 2013. [4] It was written by Carolynn Levy. This investment vehicle has since become popular in the U.S., Canada, [5] and Israel, due to its simplicity and low transaction costs.
Y Combinator interviews and selects two batches of companies per year. The companies receive a total of $500,000 in seed money as well as advice and connections. The $500,000 in funding is made up of $125,000 on a post-money SAFE in return for 7% equity and $375,000 on an uncapped SAFE with a "most favored nation" ("MFN") provision (i.e.: "we get the same best terms you give anyone else in the ...
In October 2009, Loopt acquired Y Combinator-backed startup GraffitiGeo for an undisclosed sum. [ 13 ] In March 2010, Loopt launched an upgraded version of its iPhone app, [ 14 ] incorporating place and event information to its Pulse database, bringing in content from ZVents, Metromix , and SonicLiving.
Daniel Gross is an Israeli-American businessperson who co-founded Cue, led artificial intelligence efforts at Apple, served as a partner at Y Combinator, [1] and is a notable technology investor in companies such as Uber, Instacart, Figma, GitHub, Airtable, Rippling, CoreWeave, Character.ai, Perplexity AI, and others.
Notable deal: At $30 million, Wordware's November fundraise is one of the largest seed rounds in Y Combinator's history, the startup said. Spark Capital led the funding round, with YC and VC firm ...
Y Combinator—the startup incubator that helped launch DoorDash, Airbnb, Reddit, and Instacart—is backing a weapons maker for the first time, betting that it could shake up the defense industry ...
[27] [28] A week earlier, he had introduced Y Combinator Research, a non-profit research lab, donating $10 million of his own funds to establish it. [ 29 ] In December 2015, Altman co-founded OpenAI , an artificial intelligence research organization, alongside notable figures such as Elon Musk , Jessica Livingston , and Peter Thiel .
Startup accelerator Y Combinator is backing its first weapons startup — a firm that says it can make missiles smaller and cheaper than its competitors. "Ares is building a new class of anti-ship ...