Startup accelerator Y Combinator announced this morning that it has updated its terms, providing participating companies with more total cash. The group will now invest $500,000 in batch startups.
The money comes in two different forms. The first is the well-known Y Combinator equity deal, worth $125,000 for 7% of accelerated startups. The group will now also offer $375,000 in the form of an uncapped SAFE note — a simple agreement for future equity — with a “most favored nation” clause.
