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Google probably doesn't want every Kickstarter/Indiegogo project applying for the program. It's likely a risk thing; if the startup is backed by a "real" VC fir
by morganvachon 12y ago
Google probably doesn't want every Kickstarter/Indiegogo project applying for the program. It's likely a risk thing; if the startup is backed by a "real" VC firm, that firm is taking most of the risk. Google is just providing a few extra rungs on the ladder others built.
- walterbell 12y agoIt's effectively a subsidy to accelerators: $100K of risk capital being matched by $100K of hosting, doubling the initial runway for a startup which needs that level of capacity.
- alandarev 12y agoThough that $100k balance expires in a single year. If your server bills are $100k for a first year start-up company, you are doing something VERY VERY wrong.
- dragonwriter 12y agoOr very, very right.
- walterbell 12y agoIf revenue is 10X your server bills or is growing much faster than server costs, then you're exactly the customer Google wants for their cloud services.