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3093

A New Standard Deal

We are making two changes to our standard deal in conjunction with a recent fundraise. Starting with the Winter 2021 batch, our deal will be $125,000 for 7% equity on a post-money safe, and we will reduce the amount of our pro rata [https://www.ycombinator.com/documents/] right to 4% of subsequent rounds. In the…

3105

H-1B visas and prevailing wage levels: A majority of H-1B employers—including major U.S. tech firms—use the program to pay migrant workers well below market wages

H-1B is a temporary nonimmigrant work visa that allows U.S. employers to hire college-educated migrant workers as well as fashion models from abroad; nearly 500,000 migrant workers are employed in the United States in H-1B status. The H-1B is an important—but deeply flawed—vehicle for attracting skilled workers to the…

3107

Mozilla VPN

We are working hard to make the official product, the Mozilla VPN, available in selected regions this year. We will continue to offer the Mozilla VPN at the current pricing model for a limited time, which allows you to protect up to five devices on Windows, Android, and iOS at $4.99/month.

3108

Employers steal billions from workers’ paychecks each year: Survey data show millions of workers are paid less than the minimum wage, at significant cost to taxpayers and state economies

This report assesses the prevalence and magnitude of one form of wage theft—minimum wage violations (workers being paid at an effective hourly rate below the binding minimum wage)—in the 10 most populous U.S. states. We find that, in these states, 2.4 million workers lose $8 billion annually (an average of $3,300 per…