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I didn't realize AlphaLab and DreamIt are funded by the state. But as part of my project I hope to recognize the different types of funding sources & people th
by jedc 17y ago
I didn't realize AlphaLab and DreamIt are funded by the state. But as part of my project I hope to recognize the different types of funding sources & people that are starting YC clones. I've even heard about companies that are looking at running small programs like this. I agree that the motivations are complicated, and that's what I want to explore.
Interesting note about the funding. I was talking to a VC about this and while he wanted to support a similar type of program locally, he was very hesitant. Mainly because if he chose not to follow-on with funding, he would likely be killing the startup before it even really got going.
- rms 17y ago> Mainly because if he chose not to follow-on with funding, he would likely be killing the startup before it even really got going. Good point. I'm pretty sure pg said someone similar on this site at some point.
- jacquesm 17y agoThat's true, but the chances of finding follow up funding are larger anyway if you already have a seed fund backing you. The one things most VC's are scared of is being first (and the other thing is having missed an opportunity). It's a fine line between those two...
- ig1 17y agoThey address that last issue in this podcast (with the techstar founder): http://www.venturevoice.com/2009/01/david-cohen-techstars.html http://www.venturevoice.com/2009/01/david-cohen-techstars.ht...