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Meet Springboard, a new kind of start-up incubator [UK centric]
- rahulvohra 17y agoSpringboard page: http://springboard.red-gate.com/ http://springboard.red-gate.com/ And just to clarify the TC article: Red Gate are looking for multiple teams of two to three people, not just one group.
- deleted 17y ago[deleted]
- dkersten 17y agoWhat do they get out of it?
- jedc 17y ago-- Early access to potential complementary products (and the teams that built them). -- Building an ecosystem (in a city with a lot of potential, both people talent and experienced angels/VCs) But I know the guys involved, so I'm a little biased. They're awesome and have the absolute best of intentions.
- dkersten 17y agoThanks, it was unclear from the website and the article. No free lunch and all that, so when I see something like "What do we want in return? NOTHING!", I get a little suspicious.
- adrianwaj 17y agoThey can scout out potential recruits, and obtain ideas on how to improve their products. It's an HR and R&D cost. -edit: also it's good advertising in just having the program, and as gratitude, people part of the program could advocate Redgate's products down the line (it's PR)
- daleharvey 17y agonot really worth a downvote, its the first question that sprang to my mind. If the answer is just (real life) karma points, and they have the money, then great.
- adamt 17y agoI can understand the natural scepticism and the 'no free lunch' viewpoint. But I know Neil and Simon and can happily vouch for them as people. In Red Gate they have bootstrapped (completely without any external investors) a profitable company that is turning over tens of millions of dollar a year. They are the slightly unusual (at least by valley standards) entrepreneurs who have little or no desire to take their company public. I am sure some commercial opportunities will come of this for them, but I very much doubt that is their primary motivation. Really pleased to see this is a happening and wish them all the best with it.
- adrianwaj 17y ago"they have bootstrapped (completely without any external investors) a profitable company that is turning over tens of millions of dollar a year." They would like to see their success emulated by others. This goodwill incubator can allow it to happen: might even start a trend.