Statement, Product Demonstration
OpenAI: $2M in tokens to every YC company in the spring and summer batches.
- OpenAI will provide a $2 million token investment (not cash) specifically to YC companies in the spring and summer batches, intended to assist early-stage startups that are currently incurring high costs on token usage.
- The funding is structured via an uncapped SAFE, allowing OpenAI to invest at the recipient's Series A valuation at the earliest possible stage, with allocated funds usable for programming with codecs or accessing the OpenAI API.
- The initiative is positioned as an experiment to enable software factories dispatching agents to achieve Series A-level product quality in a fraction of the standard development time.
- Participation is restricted strictly to the spring and summer batches, with a deadline of May 25th for applications to receive notifications by June 5th.