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It's really hard raising a million dollars outside Silicon Valley and this first cohort is aimed at European based startups only. European investors are notorio
by ingenieros 5y ago
It's really hard raising a million dollars outside Silicon Valley and this first cohort is aimed at European based startups only. European investors are notorious for being risk-averse and their investment terms are laughable at best. ( I know of some European University run incubators which offer less than $25,000 USD in exchange for 5% equity)
American VC's on the other hand won't bother talking to foreign founders unless they incorporate as a C-corp in Delaware.
- DandyDev 5y agoWhile you're right about European investors being risk averse, it's not generally true that American VCs won't talk to European founders. I'm an early employee at an early stage company (1,5 years old), incorporated in The Netherlands and we have raised a $2M pre-seed round and recently a $10M seed round both led by American VCs.
- ingenieros 5y agoI shouldn't have lumped all American VC's together. This is clearly changing and this Arc initiative is proof of that.