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NYC Seed - funding tech companies in NYC
- JayNeely 18y agoSparse site, but interesting. Questions from their PDF application: * What’s the idea? * Why now? * Who are your competitors? * How will you make money? * How will you use the funding? * Please describe your product development roadmap. How long will it take to complete your first version? * Please provide bios for each founder. * Please provide 3 references for each founder.
- JayNeely 18y agoJust found out more from CNet: http://7hr.qlnk.net/ http://7hr.qlnk.net/ -They'll invest up to $200,000. -It's only for NY-based tech startups. -They have $2,000,000 under management to invest. -They're headquartered at Polytechnic University's start-up incubator: http://www.poly.edu/incubator/ http://www.poly.edu/incubator/
- lurkage 18y agoDoesn't seem to say anywhere how much they invest. How are you supposed to know if you want to apply?
- rms 18y agoI would guess it is in the ~100k range, 5kn+ 5k wouldn't work in NYC. PA has a bunch of early stage state funded seed funders, they are known for doing extraordinary amounts of due diligence.
- rms 18y ago>No idea is too early for consideration for NYC Seed. >We will ask to review a prototype of your product. Bit of a contradiction.
- rokhayakebe 18y agoBe careful.That's all i will say.
- jsjenkins168 18y agowhy?
- rms 18y agoyeah, this is legit, the CNET article says Bloomberg himself announced this fund.
- sangguine 18y agoBloomberg's speech: http://mashable.com/2008/06/02/nycseed/ http://mashable.com/2008/06/02/nycseed/
- lsemel 18y agoDoesn't say who runs it. If it's run by the gov't it'll probably be incredibly risk averse and not invest in anything particularly innovative.