3 ms·
Not a whole lot of concrete detail - just announcing that they are open to entertaining funding seed stage start-ups. They have a WuFoo application form with s
by asmithmd1 18y ago
Not a whole lot of concrete detail - just announcing that they are open to entertaining funding seed stage start-ups. They have a WuFoo application form with some good questions you need to be able to answer:
http://www.startatspark.com/start/start-apply-wufoo.html http://www.startatspark.com/start/start-apply-wufoo.html
What evidence do you have that this is a severe problem or meaningful opportunity?
What’s the next best alternative? Who are you competing against and why is there still an opportunity?
- aditya 18y agoMore detail here: http://www.startatspark.com/start/start-index.html http://www.startatspark.com/start/start-index.html
- daveambrose 18y agoVery impressed on a few items here: 1. Timely turnaround in three weeks. It's clear that Spark values your time and similarly, entrepreneurs value theirs. 2. Leading legal counsel and open deal structure. Having solid legal advice is something most early-stage companies overlook (not because the advice isn't valued, but rather, it may not be a top priority to building/shipping your product). In addition, Spark allows other investors to participate in the seed round. 3. Structure of investment. I was surprised to see that Spark was offering the investment in a convertible loan, where the loan will later convert to equity in the event of the company's next round of financing. The issue of valuation or "pegging a company's valuation" is relatively mute with this format. Overall, this is a great step for innovation in the Northeast. Congratulations Spark!