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They don't give you 40k cash, they have some sort of reimbursement plan. You also can't just go down there and give to yourself as a salary. Borderline scam.
by pinksoda 16y ago
They don't give you 40k cash, they have some sort of reimbursement plan. You also can't just go down there and give to yourself as a salary. Borderline scam.
- deleted 16y ago[deleted]
- robfitz 16y agoFrom what I can tell[1] you can either charge your personal expenses (insurance, housing, etc) or pay yourself a salary, but not both. Edit: It also looks can also choose whether you prefer to have the funding as advance payment or reimbursement[2] [1] Section V, pages 4-5, http://www.corfo.cl/startupchile/download/Technical_and_administrative_mandatory_guidelines_start_up_chile.pdf http://www.corfo.cl/startupchile/download/Technical_and_admi... [2] Section 4, page 8 of the same pdf
- pierre_M 16y agoHow is it "borderline scam"? How are they hoping to profit at your expense by offering you $40K and then not letting you spend it?