3 ms·
If you can legally work in Canada, you're insane if you don't try to get into this program. $150K - 10x what YC does, but still with buy-in from top-tier US VC
by sachinag 17y ago
If you can legally work in Canada, you're insane if you don't try to get into this program. $150K - 10x what YC does, but still with buy-in from top-tier US VCs? Eight months to just get to ramen profitable (not paying back the $150K)? This is awesome.
- cperciva 17y agoIt's not quite as good as it sounds. You get $50-150k in exchange for 5-15% equity, which sounds like a post-money valuation of $1M, far higher than what YC provides; but then you have to pay bootuplabs $50k out of that. In effect, bootuplabs puts a dollar value on the assistance which YC provides to startups for free. If you're doing a startup which only needs $20k in order to reach the point where you can find other funding, bootuplabs will take 7% of your company, exactly in line with YC's typical 6-7% for $20k... but I'd much rather have the YC team advising me than the bootuplabs team.