Re:Startup School 2018 – Curriculum
by packetslave on Tuesday August 07, 2018 @01:50PM
(#17708836)
They're giving a million dollars to companies and asking for no equity in return and you're giving them crap for it? Unbelievable.
> you're giving them crap for it
Wait , what ? My comment started by "Thanks" that's a weird interpretation really...
If you have 1000 companies following the course that's like 10% chance of getting funding, regardless of whether or not there is an equity that's the point.
Re:Startup School 2018 – Curriculum
by fridaymorning81 on Tuesday August 07, 2018 @02:08PM
(#17709000)
they are giving away 1,000,000 dollars.. just giving it away. plus tons of content. did you read the article?
Doubtful that it is randomly given in a lottery sense - they likely are granting this to keep promising teams going...
Re:Startup School 2018 – Curriculum
by HatchedLake721 on Tuesday August 07, 2018 @06:41PM
(#17711560)
In return for... 0% equity!
Yeah, which is why it is only 10K -- and not the 100K like was stated earlier by someone - if it were the 100K then it would be very similar to a typical YC round of funding.
pro tip: in the world of funding a 10% chance of success is a damn good one.
I think it's good feedback but perhaps not well stated, which is why you're getting grief for it. It is generous and a good thing to give away $1 million no matter how you do it.
Ideally though, they would give $100k to 100 (or 1000) companies and actually take equity. Most startups want to give up equity for good amounts of money, they call it "funding" ;-)
>100 companies who complete the course will also receive $10K.
Depending on your location and what position you are in your career , Funding can be a big issue.
This small grant can be a big help to start a business , but 100 companies is quiet limited to be honest.