Status: As of March 2023, the program is on indefinite hiatus. Applications are closed. FirstMoney.In ( 1st$n ) is a program for startup founders to apply to experienced startup angel investors on a standard deal of $5,000 in return for 0.1% of your company. It is designed to facilitate access to capital for never-before-funded companies, especially those led by founders who identify as Women, BIPOC, and/or LGBTQ+. All startups are welcome and encouraged to apply.
Why Apply to 1st$n?
While most venture capital requires founders to sell a large stake to investors, the 1st$n deal is purposely modest and as simple as possible. The program uses a standard deal: a $5,000 investment with a $5 million cap on a SAFE: Valuation Cap, no Discount . The investment purchases 0.1% equity in your company. FirstMoneyIn is not affiliated with Y Combinator in any way, but the program uses their verbatim SAFE document for the financing agreement.