Carolynn Levy - Modern Startup Funding

YC Partner and GC Carolynn Levy details the basics of startup financing and how modern early stage rounds of financing are done using convertible securities, like the SAFE.
You can find the lecture slides and transcript here: www.startupschool.org/videos/79
Find more Startup School and YC content at www.startupschool.org/library.

[@daJeongster]

This is one of the most effective lectures i have ever taken. Kudos to the lecturer

[@eric_andrews]

Honestly the history of before vs. after was incredibly valuable as someone that never lived the "before" part. Thank you.

[@craigharding3423]

Carolynn is modest; Carolynn actually wrote the original Safe (and maybe the revised post-money Safe)

[@asmerdam5126]

Thank you so much for this video! I really appreciate, I was referred by Ted, he helped me throughout the whole process with no extra cost. This is my referral as promised
mx076 on telegram.

[@NadidLinchestein]

Wow, didn't know that

[@bengtuks5886]

This was great! Very insightful. Consolidated a lot of what i learnt from previous videos on the same topic.

[@Gorboduc]

This lady is remarkably coherent for a financial type.

[@Gadekko]

It's because she's not. She's a lawyer.

[@descatuk7948]

Great learning to know ABC of fundraising in simple manner

[@StreamAgency]

Excellent presentation and excellent Q and A.

[@margaretcezar1109]

Many thanks Carolyne. This is very helpful. 🙏

[@mitch7w]

Incredibly consise and informative lecture, thanks!

[@jesusgaray]

Is there anyway you can share that document you said you recently created?

[@WannaLearnChinese]

Very clear presentation!

[@LECityLECLEC]

Thanks Carolynn? Anyone know what the last asker asked? Padded agent? Did Carolynn answer him in the ama and is that on the web?

[@abhishekdk]

Can we use safe in countries in other than North America?

[@h2energynow]

Awesome lecture

[@user-pm6zr6gk3c]

Can I get deferred payment with Y Combinator since I am pre-market and the legal fees can could be $25 to $100K?

[@jackbrandt4582]

I didn't watch the Q and A at the end so forgive me if this was answered.
How has dilution not changed? Companies like Pipe are huge now and they're totally non-dilutive.
In fact i came across a company called fundstory that has a bunch of these financers that are 100% non dilutive and I'm sure theres more than that.
So why does she say dilution hasn't changed?? Did i miss something?

[@TINTUHD]

Great Video

[@sureshp2992]

Its helpful for startups

[@ndrorian]

The 4 SAFE documents are all for accredited investors. Can you create one for non-accredited investors?

[@emedia12]

@@user-uy6yk5qk8l unfortunately it appears their Crowd SAFE is built off the original pre-money valuation instead of post-money which is the SAFE of choice today

[@stacyhackney6100]

Thank you.

[@aaazzi]

What about doing a convertible note where you have the “option “ to pay it back , with interest, and a small equity bonus as a thank you - anyone heard of this ?

[@emedia12]

did you watch? Convertible notes where originally used as bridge loans between rounds and then they started being used as SEED and PRESEED. Not ideal because it still takes that negotiation time and shows as debt on the companies books. The SAFE is meant to get the money fast so that Founders can build their company.

[@samario_torres]

any books on this?

[@bbailey4life]

Venture deals is a good book

[@generaldiscernment]

I would LOVE to know which company took that $50 Million Safe lol

[@timshnaider]

"Corner case" = Toptal, super profitable

[@Nashadelicable]

Zapier!

[@russellfernandez57]

Ikr :)

[@aaazzi]

Who’s looking at equity crowdfunding these days

[@kamlesheducationnews1469]

Hi

[@user-pm6zr6gk3c]

I hear it is not a good idea to tell VCs what you value your company at even if they ask you but don’t they fault founders for not being able to value their company because they did not do enough work to know their valuation

[@myshah4476]

Don't wry 90 % start up founders don't know this.. But just learn day by day

[@akbarberlian]

His point is invest early. Better to know this, yet is all right to know these things later as lknv as you can survive

[@Knowledge_Nuggies]

@00:00:20 Dude in the upper left corner is THIRSTY...

[@roots4140]

Stay hydrated.

[@pirhan]

TIL: Warhammer is less complicated than fundraising.

[@user-te3qx5pq8x]

اتمنى ان اكون اول من سوريه اللاذقيه ابو الحسين زهيري أن أتكلم معكي يا قلبي انتي حبيبتي الغاليه على قلبي وروحي وعيني تسهر على ضوء القمر

[@dragonsaige]

Video used a lot of jargon without explaining any of it. Funny how the last video told you to not use jargon and not tell long stories, but the next video does exactly that

[@charlech]

Why does YC need so many partners. Need to be more selective.

[@surajbanerjee4083]

Why ?

[@przemekblasiak]

Made it much clearer for me what's the modern way 👍
Is the AMA session Carolynn mentioned at the end available online?