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That is likely true but would they settle for 2%, probably not. 2% is a very small price to pay for essentially a years time of one employee. The startup I am w
by Railsify 7y ago
That is likely true but would they settle for 2%, probably not. 2% is a very small price to pay for essentially a years time of one employee. The startup I am working on has spend roughly 55k over 18 months and have a prototype that is on par with tools I had seen used commercially in my previous positions.
- mkim383 7y agoThat's great! Beacon is a separate, experimental type of investment we started recently. For these, the terms are straightforward ($50k on a $2M post-money SAFE). This is different than our typical Seed investments, which are much larger checks and target much higher ownership percentages. If either are opportunities of interest, many of us on the team can be reached a variety of ways (email, twitter, LinkedIn).
- Railsify 7y agoThank you for the positive comment! I will keep Beacon in mind.