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Capital Factory Demo Day: Five Startups on Display
- fnid 17y agoI'm not impressed by any of these ideas. It's hard to believe out of 200+ business plans submitted, these were the best 5. It's also hard to believe that they are just ideas. Any of these ideas, except maybe Famingo (I'm not sure how complicated that thing will be), could have a prototype or even a fully functional version up and running in no time. Where is the innovation? Where are the hard problems being solved? These are me too ideas. Maybe I'm being overly critical, but I just don't see the value and I don't see any competitive advantage to an idea that could be a side project for anyone more capable. Imagine a pet store throwing money at the pet health idea or ebay or craigslist going after shared storage or an iPhone app on the networked games. I personally would never invest in any of these ideas.
- jdrock 17y agoI feel this is problem systemic to any company funded by a seed incubator. Solving really hard problems or developing truly breakthrough technology typically requires significant funding, which seed incubators don't have. Companies solving these problems are better served by going to traditional VCs - not only for money, but also for more direct expertise. Edit: Not that seed incubators are a bad thing.. they just serve a funding need for a different type of company. It's no surprise that most seed incubated companies are web companies.
- arohner 17y agoSome of the other seed stage groups, esp YC, assume their program is just the first step on the way to more funding. Capital Factory doesn't seem to have this mindset, so they're aiming lower. I agree with the GP, I wasn't impressed by their choices either. (disclosure: they didn't pick me)
- rokhayakebe 17y ago>> Maybe I'm being overly critical. You are.