YC startups can now receive stablecoin investment


All startups accepted by YC will soon have the option to receive their seed checks through stablecoins, crypto YC partner Nemil Dalal told The Block.

Popular YC “standard deal” so it invests $500,000 in 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.

Dalal said stablecoin transfers are often more effective, especially for founders working in emerging markets. But again, YC is putting its money where its mouth is, so to speak. Last fall, YC associated with Base and Coinbase Ventures to encourage founders to build more blockchains-related companies.

Interest in blockchain tech is on the rise again in Silicon Valley as the US took steps towards more formal, crypto-friendly industry regulation.



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