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from seedcamp site: "It is important that if you decide to accept the invitation for Seedcamp Week, that you participate with the intention to accept a Seedcam
by borism 17y ago
from seedcamp site:
"It is important that if you decide to accept the invitation for Seedcamp Week, that you participate with the intention to accept a Seedcamp investment. We have streamlined this week and process to help entrepreneurs and speed up a historically unnecessarily lengthy investment process. As such we believe teams should provide the same good faith and participate with the intention of bringing Seedcamp on board as an investor."
- anamax 17y agoHow does one learn enough about the value of the seedcamp folks before seedcamp to know whether one would want their investment?
- borism 17y agomy guess: they don't. but actually 5-10% stake and upper limit of 50000 should leave quite a bit of wiggle room...
- jacquesm 17y agoIt is extremely stupid, not to put too fine a point on it to accept any cat in any bag at any price. You need to know your potential investor quite well before going with them. That's also to the investors advantage, so to see a clause like this is a big red flag. What if you really don't connect on any level and they still want a part of your company ? What if you feel you simply can not trust them ? Better to have no deal than a bad one any day.
- c3o 17y agoThe Mini-Seedcamp events all over Europe and the multi-stage application/interview process offer loads of chances to get to know the people involved before participating in Seedcamp week proper.