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I'm all for more things like this, especially in the UK, heck I'm currently in London working for a consulting company in a bank and would love to jump into a s
by Tarks 15y ago
I'm all for more things like this, especially in the UK, heck I'm currently in London working for a consulting company in a bank and would love to jump into a startup but I have to say that what they're expecting compared to what they're willing to put in seems a little...lopsided.
"Once a year, we work with a group of very early stage companies and provide them with up to £15,000 of investment and a three month programme of support"
"If we’re going to tackle climate change, we need new products and services that will help people reduce their energy use by a factor of 10 not just by a few per cent."
I can't see £15,000 getting you anywhere with something of that scale, even if you're a seriously smart cookie basic operating costs still apply. . . especially considering London rent etc.
- ig1 15y agoI imagine like YC (and other seed accelerators) the idea is to give you enough funding to build a prototype in three months which you can then use to raise further financing.
- accountoftheday 15y agoExcept in SV you actually can raise further funding on reasonable terms.