Ask HN: Can someone explain the Yuri/Conway-YC Deal?

7 points by HackrNwsDesignr 15 years ago | 3 comments

I understand that startups are being offered lots of money, but they said it was on really good terms. Can anyone explain the terms?

dshankar 15 years ago |

davidblerner 15 years ago |

apparently it's $150k per startup in a convertible note with no dividend and no cap... sweet deal for any entrepreneur....

HackrNwsDesignr 15 years ago | |

can you explain 'convertible note' and 'no dividend' 'no cap'