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A comment on Chile Wants to Borrow US Entrepreneurs for $40,000.

Re:Chile Wants to Borrow US Entrepreneurs for $40,000 by pinksoda on Saturday August 21, 2010 @02:20PM (#1623319)
They don't give you 40k cash, they have some sort of reimbursement plan. You also can't just go down there and give to yourself as a salary. Borderline scam.
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Re:Chile Wants to Borrow US Entrepreneurs for $40,000 by robfitz on Saturday August 21, 2010 @03:06PM (#1623421)
From what I can tell[1] you can either charge your personal expenses (insurance, housing, etc) or pay yourself a salary, but not both.

Edit: It also looks can also choose whether you prefer to have the funding as advance payment or reimbursement[2]

[1] Section V, pages 4-5, http://www.corfo.cl/startupchile/download/Technical_and_admi...

[2] Section 4, page 8 of the same pdf

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Re:Chile Wants to Borrow US Entrepreneurs for $40,000 by pierre_M on Saturday August 21, 2010 @03:13PM (#1623441)
How is it "borderline scam"? How are they hoping to profit at your expense by offering you $40K and then not letting you spend it?
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