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"MINI and HAX will give $60,000 in equity to each startup in the three-month program and tells TechCrunch it could further invest in the strongest ideas." That
by frankus 11y ago
"MINI and HAX will give $60,000 in equity to each startup in the three-month program and tells TechCrunch it could further invest in the strongest ideas."
That doesn't sound quite right. I'm assuming this means $60k in exchange for equity (how much?) in each startup?
- TheBiv 11y agoI'm sure that's right about in exchange for equity. MINI and HAX would probably want to shy away from from having a sidecar fund. This would most likely lead to investors only investing in the companies that MINI/HAX have clear interests in or would just wait for an investment in MINI/HAX.