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The difference is that I am talking about funding in amounts larger than what microloan sites like Kiva allow (Kiva's top loan amount is ~2K) but more important
by ajju 18y ago
The difference is that I am talking about funding in amounts larger than what microloan sites like Kiva allow (Kiva's top loan amount is ~2K) but more importantly, provide mentoring like YC does. Therefore, it has to be done by experienced entrepreneurs who guide these new entrepreneurs closely.
- suliali 18y agoLove this idea. There are already incubators and seed funds doing this in India and China. And I suspect the trend will accelerate.