YZi Labs announces investment terms for global incubation program EASY Residence

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According to Foresight News, YZi Labs announced the global incubation plan EASY Residence investment terms. The program will invest $500,000 in each selected startup. This investment is divided into two parts: purchasing 5% equity (with additional rights if applicable) through a Simple Agreement for Future Equity (SAFE) of $150,000; startups will receive an additional $350,000 uncapped SAFE in the next funding round after Demo Day.

Previously reported by Foresight News, YZi Labs announced the launch of EASY Residence, a 10-week global incubation program targeting early-stage teams in Web3, AI, and healthcare sectors.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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