June 29, 2020
Y Combinator reduces investment size to $125k, cites economic concerns
Y Combinator (YC), US-based seed-stage accelerator, is reducing the standard deal of its investment from $150 000 to $125 000. However, it is maintaining its 7% equity stake in backed startups. The announcement was made on Friday (26 June) by Y Combinator president, Geoff Ralston. The announcement coincides with the accelerator’s call for application for […]