[cjbarber]

When they keep referring to $100,000 investments for 7%, this is a typo right? (YC usually does ~$10k)

[rdl]

They mean $80k for YC VC ($20k each from Yuri Milner, Andreessen Horowitz, General Catalyst, and Maverick Capital) plus the $14-20k from YC itself.

The ~$20k is for 7% (of common stock); the $80k is under START Note terms, essentially convertible debt which inherits the cap/discount of the next note you do. It's conceivable that just means an uncapped note, so adds onto your Series A.

[jordn]

Do all the startups get the ~$80k VC money? And is that at the beginning of the batch or at the end?

(This part isn't mentioned like the $14-20k funding is http://ycombinator.com/apply.html)

[rdl]

Everyone is offered it; as far as I know everyone has always taken it. I got mine around early July of the summer batch; I assume it's roughly the same still. If you really needed it early I'm sure you could arrange that.

[frozenport]

$100,000 is typical and it is not a lot of money: consider that it will be split 3 ways. This will leave you under the median household income.

[logicallee]

considering it's not income, it leaves you well below the median household income.