4 ms·
10m venture fund? That‘s one series B financing for some startups, isn‘t it?
by submeta 1y ago
10m venture fund? That‘s one series B financing for some startups, isn‘t it?
- pantalaimon 1y agoThe idea is to fund ~50 startups with 100k - 300k€ each
- constantcrying 1y agoAnd with 100k you can even have a single developer working full time for a year! That will surely lead to groundbreaking new solutions, rivaling US tech giants.
- pantalaimon 1y agolol 100k at at startup? I know that what the company has higher cost that the gross salary, but e.g. the EXIST founder's stipend will pay you 2500€/month if you have a university degree (30k/year), the rates at privately funded companies aren't much higher. https://exist.de/programm/exist-gruendungsstipendium/ https://exist.de/programm/exist-gruendungsstipendium/
- constantcrying 1y agolol do you think an employer just needs to pay salary for an employee?
- pchangr 1y agoI think that this was a sarcastic remark about the grant being very low
- fnands 1y agoIt's effectively seed funding for early stage startups: > Geplant ist die Finanzierung von 50 Startups über Wandeldarlehen zwischen 100.000 und 300.000 Euro mit einer Laufzeit von ein bis zwei Jahren, die dann in eine offene Beteiligung gewandelt werden
- raverbashing 1y agoYes it is For one city it might be enough, but that sounds more like seed money than anything (especially for Deep-tech startups which seem to be the focus)