The Y Combinator Deal

We have a standard deal for all our investments. We invest $500,000 in every company on standard terms.

Our $500K investment is made on 2 separate safes:

We invest $125,000 on a post-money safe in return for 7% of your company (the “$125k safe”)
We invest $375,000 on an uncapped safe with a Most Favored Nation (“MFN”) provision (the “MFN safe”)

...

The Y Combinator Deal

We have a standard deal for all our investments. We invest $500,000 in every company on standard terms.

Our $500K investment is made on 2 separate safes:

We invest $125,000 on a post-money safe in return for 7% of your company (the “$125k safe”)
We invest $375,000 on an uncapped safe with a Most Favored Nation (“MFN”) provision (the “MFN safe”)

...