All startups accepted into YC will soon have the option to receive their seed checks through stablecoins, crypto YC partner Nemil Dala Told The Block.
yc is famous “Standard Deal” The thing is, it invests $500,000 in startups accepted into its program in exchange for 7% of their companies. Now this deal is impacting blockchains (Base, Solana, and Ethereum to be precise) starting with the upcoming Spring Batch.
Dala said that stablecoin transfers are often more effective, especially for founders working in emerging markets. But at the same time, it can be said that YC is putting its money where its mouth is. Last Fall, YC partnered with Base and Coinbase Ventures to encourage founders to build more blockchains-Related companies.
Interest in blockchain technology is rising again in Silicon Valley, like in the US. have taken steps towards More formal, crypto-friendly regulation of the industry.
