"All startups accepted into YC will soon have the option to receive their seed checks via stablecoins, crypto YC partner Nemil Dala told The Block. YC's famous "standard deal" is that it invests $500,000 into startups accepted into its program in exchange for 7% of their companies. Now that deal is hitting the blockchain (Base, Solana, and Ethereum, to be exact), starting with the upcoming spring batch."
"Dala said that stablecoin transfers are often more effective, specifically for founders working in emerging markets. But also, YC is putting its money where its mouth is, so to speak. Last fall, YC partnered with Base and Coinbase Ventures to encourage founders to build more blockchain-related companies. Interest in blockchain tech is on the rise again in Silicon Valley as the US has taken steps toward more formal, crypto-friendly regulation of the industry."
Y Combinator will give accepted startups the option to receive its standard $500,000 seed investment via stablecoins on Base, Solana, or Ethereum, beginning with the upcoming spring batch. Nemil Dala said stablecoin transfers can be more effective, especially for founders operating in emerging markets. YC previously partnered with Base and Coinbase Ventures to spur blockchain-focused companies and is aligning its funding mechanisms with that initiative. The move coincides with renewed interest in blockchain technology in Silicon Valley as the United States advances toward clearer, more crypto-friendly regulatory frameworks.
Read at TechCrunch
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