News for hackers. Stuff that matters.
Re:Start-Up Chile is a Great Experience But Be Careful Too by capken on Friday September 30, 2011 @09:43AM (#3056934)
I'm the writer of the post. You were in the Pilot of the program, they adjusted the rules of the program through their experience with you, our program is subsequently different. The same thing is currently happening from feedback within our cohort and they are adjusting it for the next cohort, it will be a different program for them than it is for us. I stand fully behind the $10K being the number needed to fully access your grant. This is a critical number that the new cohort should know so that they don't come in and end up in a difficult position.
Re:Start-Up Chile is a Great Experience But Be Careful Too by jot on Friday September 30, 2011 @11:52AM (#3057428)
I'm also on the current program. It's true, you need at least $10K cash in the bank to be able to gain full access to the grant. We thought it would be around $5K that we would need but it's turned out to be much more.

I very much hope that this changes for the next cohort of participants.