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Seems like a pretty hefty chunk to give up for $20K and the chance to be a guinea pig in an unproven startup incubator run by...a baseball team. I have no idea
by ripberge 11y ago
Seems like a pretty hefty chunk to give up for $20K and the chance to be a guinea pig in an unproven startup incubator run by...a baseball team.
I have no idea about the quality of RG/A's work, but we did share an office with them and it was always an entertaining recent college grad, hipster fashion show.
I do think the idea of sports focus is cool though.
- jsprogrammer 11y agoTheir marketing is also a bit misleading. The landing page claims to award/grant $120K to each team. However, until you get near the last question of the separate 'FAQ' page, there is no mention of equity exchanges or convertible debt financing, nor that $100K of the prize is optional and if chosen, require the team to take ongoing financial obligations to the sponsor(s).
- drewpmoffitt 11y agoAren't the original YC terms 7% for $20,000 plus $100,000 uncapped note?