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What do you think about their fee and stake? Looks like it ranges 60-80k [after their fee] for a 10% stake. That feels pretty expensive for an accelerator, es
by not_a_moth 7y ago
What do you think about their fee and stake?
Looks like it ranges 60-80k [after their fee] for a 10% stake.
That feels pretty expensive for an accelerator, especially one that's new, with little network effect yet.
- toxicFork 7y agoFor me personally the benefits I already got from the program are worth a fee and stake, and without them I would have taken much longer to take that leap of faith into starting my own company. And it's fair enough especially for a first time founder like me, considering the risks involved. I am newer than them. If I was someone more established with an existing network and knowledge of how these things work, that would be a different story.
- not_a_moth 7y agoYeah it looks like the program is mainly for super early stage, ie no cofounder, pre-idea folks. I think if you already have a co founder and an idea and/or prototype, then that fee/stake for value might seem unacceptably expensive.