4 ms·

The fact that they want 50% off the bat should tell you something already, don't walk run away! I am really surprised that the people running this would actuall

The fact that they want 50% off the bat should tell you something already, don't walk run away! I am really surprised that the people running this would actually put the pics & bios on the about page. This is daylight robbery and shameful. If i had to give half my company away for 100k at inception i rather not start it because you are going to need follow on financing. YC only takes like 6 or 7% and is way more prestigious.

sitkack 13y ago
YC gets you access, the money is for burritos and new macs.
- toomuchtodo 13y ago
  Exactly. Accelerators aren't primarily about money. They're coaches helping you across hurdles from the minor leagues to the majors.
juliangoldsmith 13y ago
This. $100k won't even get you two decent programmers for a year.
- Cookingboy 13y ago
  Two? It won't even get you one depends on geographical locations.
  - parasitius 13y ago
    Go ahead and keep your heads up in the clouds like a ten square mile area is "the real America" so the rest if us can wallow in shame at the money we wasted on our educations, you braggarts. In the real America, like say Ohio, that is the salary of almost three developers.
  - cgore 13y ago
    $90k is an "average" developer in the US (not the Valley, the US: you can easily make that here in St Louis where I am.) A multiplier of 1.5 - 2.0 is common when you bill out, to account for offices, chairs, electricity, health insurance, etc. And it isn't just software, actually it is often higher in other fields: an auto mechanic might make $25/hour and be billed out at $75/hour. So $100k will get you ONE run-of-the-mill Java programmer for 6-9 months tops. This accelerator is just looking for idiots. http://money.usnews.com/careers/best-jobs/software-developer/salary http://money.usnews.com/careers/best-jobs/software-developer...
- simplyinfinity 13y ago
  This really depends on where you live. if you are in a poor country with a decent amount of good developers, 100k can buy you 4-5 programmers for a year or 2 really good ones for year and a half or two. But yeah, 50% for 100k is a really bad idea.
- bfrog 13y ago
  You won't even get one in chicago for that
kohanz 13y ago
I am really surprised that the people running this would actually put the pics & bios on the about page The founder is no less than Eric Lefkofsky, CEO of Groupon!
- smacktoward 13y ago
  Who is widely renowned for his skeezy business practices -- see http://tech.fortune.cnn.com/2011/06/10/groupon-eric-lefkofsky/ http://tech.fortune.cnn.com/2011/06/10/groupon-eric-lefkofsk... , http://www.theverge.com/2013/3/1/4043566/andrew-masons-deal-with-the-devil http://www.theverge.com/2013/3/1/4043566/andrew-masons-deal-... for many examples.
- ChuckMcM 13y ago
  OMG, why am I not surprised now.

sitkack 13y ago

YC gets you access, the money is for burritos and new macs.

toomuchtodo 13y ago
Exactly. Accelerators aren't primarily about money. They're coaches helping you across hurdles from the minor leagues to the majors.

juliangoldsmith 13y ago

This. $100k won't even get you two decent programmers for a year.

Cookingboy 13y ago
Two? It won't even get you one depends on geographical locations.
- parasitius 13y ago
  Go ahead and keep your heads up in the clouds like a ten square mile area is "the real America" so the rest if us can wallow in shame at the money we wasted on our educations, you braggarts. In the real America, like say Ohio, that is the salary of almost three developers.
- cgore 13y ago
  $90k is an "average" developer in the US (not the Valley, the US: you can easily make that here in St Louis where I am.) A multiplier of 1.5 - 2.0 is common when you bill out, to account for offices, chairs, electricity, health insurance, etc. And it isn't just software, actually it is often higher in other fields: an auto mechanic might make $25/hour and be billed out at $75/hour. So $100k will get you ONE run-of-the-mill Java programmer for 6-9 months tops. This accelerator is just looking for idiots. http://money.usnews.com/careers/best-jobs/software-developer/salary http://money.usnews.com/careers/best-jobs/software-developer...
simplyinfinity 13y ago
This really depends on where you live. if you are in a poor country with a decent amount of good developers, 100k can buy you 4-5 programmers for a year or 2 really good ones for year and a half or two. But yeah, 50% for 100k is a really bad idea.
bfrog 13y ago
You won't even get one in chicago for that

kohanz 13y ago

I am really surprised that the people running this would actually put the pics & bios on the about page The founder is no less than Eric Lefkofsky, CEO of Groupon!

smacktoward 13y ago
Who is widely renowned for his skeezy business practices -- see http://tech.fortune.cnn.com/2011/06/10/groupon-eric-lefkofsky/ http://tech.fortune.cnn.com/2011/06/10/groupon-eric-lefkofsk... , http://www.theverge.com/2013/3/1/4043566/andrew-masons-deal-with-the-devil http://www.theverge.com/2013/3/1/4043566/andrew-masons-deal-... for many examples.
ChuckMcM 13y ago
OMG, why am I not surprised now.