Since I'm not a citizen of US and have no money even for 3-month rent in sfba, but my startup prototype is a real market need and have solid technology inside of it.
> We have a standard deal at YC: we’ll invest $120k in return for 7% of the company, [...]
> We think that $120k is the right amount for founders to be able to run their company and to live in the Bay Area for around 5-6 months, and sometimes even longer. [...]
To get an official reply, you can try the contact form
http://www.ycombinator.com/contact/ but read first the FAQ, in particular the part about "international founders".
But as international founder i wont be able to use those money, since i will have no work permit, so i cant be employed by company as CEO, and by Delawere law i believe using company money for personal spending is a good way to jail
It's better to ask them using the form, because they had previous similar cases and have legal counseling. (They have an email address, but I can't find it just now in the webpage.)
3 comments
[ 3.3 ms ] story [ 15.9 ms ] thread> We have a standard deal at YC: we’ll invest $120k in return for 7% of the company, [...]
> We think that $120k is the right amount for founders to be able to run their company and to live in the Bay Area for around 5-6 months, and sometimes even longer. [...]
To get an official reply, you can try the contact form http://www.ycombinator.com/contact/ but read first the FAQ, in particular the part about "international founders".
It's better to ask them using the form, because they had previous similar cases and have legal counseling. (They have an email address, but I can't find it just now in the webpage.)