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A comment on I just launched a $2,500 scholarship for entrepreneurial ideas...please apply!. Parent comment

Re:I just launched a $2,500 scholarship for entrepreneurial ... by maneesh on Wednesday December 17, 2008 @02:46PM (#401350)
Honestly, isn't this identical to YCombinator, just without him taking 5-7% of the company? YCombinator gives like $10,000 to a single developer---not a huge amount of money, but enough to get started. $2500 is the same idea---you give a small amount of money for someone to create a project. I think it's an amazing idea.

disclaimer: I'm Ramit's brother and I'm not qualified to apply :(

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Re:I just launched a $2,500 scholarship for entrepreneurial ... by ajkirwin on Wednesday December 17, 2008 @08:22PM (#401675)
There is a difference. The amount of money given is such that you have time to work on a product due to it.

That amount of 'scholarship' is not enough to develop something fulltime and if you're only doing it in your free time, then, you probably have enough incentive anyway.

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