Accelerator deal comparison
Set the cap of your next SAFEs. Compare the stake, the implied valuation, and the blended valuation of eight accelerator deals.
Comparison
Eight accelerator deals at your next cap
Uncapped money converts at the cap of your next SAFEs. Move the cap to see what each program owns when the SAFEs convert.
Stake when the SAFEs convert, at a $20M cap
- Y Combinator
- 8.88%
- a16z speedrun
- 10%
- South Park Commons
- 7%
- Techstars
- 6%
- Entrepreneurs First (US)
- 8.63%
- Neo Residency
- 3.75%
- AI Grant
- 1.25%
- Alliance
- 10%
| Program | Cash now | Fixed part | Stake | Blended valuation |
|---|---|---|---|---|
Y Combinator | $500K | 7% for $125K $1.79M post-money | 8.88% | $5.63M |
a16z speedrun Later: Up to $500K more in your next round, within 18 months | $500K | 10% for $500K $5M post-money | 10% | $5M |
South Park Commons Later: $600K guaranteed in your next outside round | $400K | 7% for $400K $5.71M post-money | 7% | $5.71M |
Techstars The 5% is common stock. The MFN SAFE is $100K in Asia-Pacific | $220K | 5% for $20K $400K post-money | 6% | $3.67M |
Entrepreneurs First (US) The second $125K is optional, if you move to San Francisco as a Delaware C-corp | $250K | 8% for $125K $1.56M post-money | 8.63% | $2.9M |
Neo Residency | $750K | None | 3.75% | $20M |
AI Grant | $250K | None | 1.25% | $20M |
Alliance Later: $400K more at your seed round A token side letter for crypto companies | $400K | 10% for $400K $4M post-money | 10% | $4M |
At a $20M cap, the stakes go from 1.25% for AI Grant to 10% for a16z speedrun and Alliance. Uncapped money pays your cap, so Neo and AI Grant get a blended valuation of exactly $20M. A fixed stake pays a set price that does not grow with your company.
Above a $12.5M cap, YC's two SAFEs cost less equity than speedrun's fixed 10%, for the same $500K at the start.