The old terms weren't bad, but this is unquestionably better: simpler, and higher valuation. Great news for everyone in YC.
I don't know if any other accelerators had the same core + YCVC investment model, so I don't know what changes it will have elsewhere except maybe pushing valuations at the accelerator stage a little closer to the demo day amount. (Still higher than $1mm pre, in all but exceptional cases.)
(Also, WOW. The teespring guys are doing $50k for each non-profit? That is amazing.)
I don't know if any other accelerators had the same core + YCVC investment model, so I don't know what changes it will have elsewhere except maybe pushing valuations at the accelerator stage a little closer to the demo day amount. (Still higher than $1mm pre, in all but exceptional cases.)
(Also, WOW. The teespring guys are doing $50k for each non-profit? That is amazing.)