Re:Booted out of Bootup Labs
by edw519 on Thursday April 15, 2010 @08:56AM
(#1267667)
Out of everything said here, this sticks out like a sore thumb:
we received nothing in return.
Isn't the whole point of these programs to enable founders to do their thing in an environment they can't find anywhere else?
If you're expected to manage a project and provide deliverables over a timeline, why not just go out and find a customer? You get to keep all their money and all your equity. And you still get to advance your product.
If, on the other hand, you want to develop a game changer, uncontrained by customer demands, you save up or take investment and go to your lab. Your are no longer a developer; you are an inventor. Sure, everyone wants to show progress, but not at the expense of pursuing the breakthroughs you will need to hit the home run desired by your investor(s).
Investors, if you want a home run from your founders, you may just have to wait a while for the baby to gestate. Expecting "something in return" in the first 2 months of a 10 month program is an unreasonable expectation IMO. Just do your share and get out of the way.
we received nothing in return.
Isn't the whole point of these programs to enable founders to do their thing in an environment they can't find anywhere else?
If you're expected to manage a project and provide deliverables over a timeline, why not just go out and find a customer? You get to keep all their money and all your equity. And you still get to advance your product.
If, on the other hand, you want to develop a game changer, uncontrained by customer demands, you save up or take investment and go to your lab. Your are no longer a developer; you are an inventor. Sure, everyone wants to show progress, but not at the expense of pursuing the breakthroughs you will need to hit the home run desired by your investor(s).
Investors, if you want a home run from your founders, you may just have to wait a while for the baby to gestate. Expecting "something in return" in the first 2 months of a 10 month program is an unreasonable expectation IMO. Just do your share and get out of the way.