This Week at YC: Join us on Instagram Live - YC's Michael Seibel & Players' Lounge's Austin Woolridge

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Join us on Instagram live!
This Summer, YC is hosting a series of interviews with founders on Instagram live. Join us for a conversation on July 10 at 11:10am PT. You'll meet YC partner Michael Seibel and YC alumni Austin Woolridge, CEO and co-founder of Players' Lounge. Join in at https://www.instagram.com/ycombinator/. If you have questions for them, you can ask them here.

A New Standard Deal
We are making two changes to our standard deal in conjunction with a recent fundraise. Starting with the Winter 2021 batch, our deal will be $125,000 for 7% equity on a post-money safe, and we will reduce the amount of our pro rata right to 4% of subsequent rounds. In the coming years, this will enable us to fund as many as 3000 more companies.

Syndicated rounds: When you can't find a Series A lead
If you’ve run a full Series A fundraising process and haven’t found a lead, pulling together a syndicate can be a good Plan B. (We’ve even seen a few cases where pulling together a competing “offer” from a syndicate triggered a term sheet offer from a lead.) If you’re in this position, here’s how to do it.

Engineer #1 at ReadMe (YC W15): Marc Cuva
Marc Cuva is the lead Product Manager at ReadMe (YC W15) where he was also the company’s first full-time engineer. Learn more about Marc’s impact on the company vision, his transition to product, and the mentorship he’s gotten from ReadMe’s founder to further his development.

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Top Posts on Hacker News
• Linux Mint drops Ubuntu Snap packages (lwn.net )
• SUSE to Acquire Rancher Labs (zdnet.com )
• A graphical analysis of women's tops sold on Goodwill's website (awardwinninghuman.com )
• The more senior your job title, the more you need to keep a journal (2017) (hbr.org )
• EasyOCR: Ready-to-use OCR with 40 languages (github.com )

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This Week at YC: Join us on Instagram Live - YC's Michael Seibel & Players' Lounge's Austin Woolridge

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