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# LeapYear

> LeapYear (LY) is a first-believer seed fund for students, dropouts, and grads. We invest $30,000 for 1.5% equity via a post-money SAFE in builders who commit to 1 year of building something ambitious. Fully remote, no required programming, and we fund new teams every 3 months.

## Key facts

- Investment: $30,000 for 1.5% equity via a post-money SAFE — intentionally small, low dilution
- Who: open to all, but primarily student teams early in their ideas (recently graduated, dropped out, or still in school)
- Stage: day 1 — 90%+ of teams we've funded were pre-revenue
- Commitment: teams commit to building for 1 year; students do not have to drop out
- Format: remote, build anywhere, no required programming — help when teams want it
- Cadence: new teams funded 4x/year (Jan, Apr, Jul, Oct), 5-7 teams per cycle
- Late applications: still accepted after a cycle's deadline — apply any time
- Selectivity: we fund the top 1% of applicants
- Outcomes: 70%+ of LY teams raise follow-on capital, $1.5M on average
- Repeat applicants welcome: 25%+ of funded teams were repeat applicants
- Other programs: teams can also do YC, Neo, etc. while on LeapYear
- LeapYear is a for-profit venture fund, not an accelerator or non-profit

## Pages

- [Home](https://www.takeleapyear.com/): what LeapYear is and how it works
- [Apply](https://www.takeleapyear.com/apply): the application and current cycle dates
- [Alumni](https://www.takeleapyear.com/investments): teams LeapYear has backed
- [People](https://www.takeleapyear.com/people): the team behind LeapYear
- [FAQ](https://www.takeleapyear.com/faq): answers on the investment, eligibility, and the 1-year commitment
- [Investors](https://www.takeleapyear.com/investors): co-investors and the LeapYear investor network

## Links

- X: https://x.com/_leapyear_
- LinkedIn: https://www.linkedin.com/school/leapyear