Excerpts from another post on thefunded (he means Owen Davis but is confusing him for the actor Owen Wilson who is a pretty bad actor too so this is funny):

I've personally spoken to several people who have dealt with SeedStart and Owen Wilson in general (hackernews meetups / ruby meetups / javascript meetups / founders of some existing NYC startups) and I've literally heard nothing but bad things. Lot's of really good developers / hackers were extremely put off by the NYC Seed process, the attitude of Owen Wilson, and the general lack of technical competence of the people evaluating business plans. Why would I spend two months putting together an extremely comprehensive business plan and then sit down to a meeting with "investors" who had obviously not read one page of the plan."