I'm not sure I'm quite understanding the process. All these links appear to be seed funds, VCs, etc. Am I applying for investment capital when I fill out these forms, or just for the $24k of hosting? Do these people take equity, or what do they get out of it?
There seems to be so little information provided!
What Rackspace gets is exposure, good karma, and nothing more.
The good karma, however, goes some way in ensuring you stay with Rackspace when the year is up.
PS: Yeah, there's little info provided. I heard out about it through word-of-mouth, Will Perkins at ezeep, and applied right away.
Just one last question: why are the details sent to a seed fund or VC? The thing that's really confusing me is the affiliation with these funds.
The various links 21212, 3 Day Startup... confuse me too. AFAIK they are only groups Rackspace has a relation with. The links 21212, 3 Day Startup... all go to the same application form, save the image about the form.
Thanks for letting me know about this. I really, really appreciate it!
http://www.rackspacestartups.com/
Click on any one of the links, say "500 Startups". Fill out the application form, and you're off to the races.
Good luck!