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A comment on DreamIT Ventures Opens Up Applications For Summer 09 Funding Cycle. Parent comment

Re:DreamIT Ventures Opens Up Applications For Summer 09 Fund... by siong1987 on Saturday January 24, 2009 @04:48PM (#448454)
From UIUC, http://www.iventures10.com/ < IV10.

Disclaimer: I am not associated with them.

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Re:DreamIT Ventures Opens Up Applications For Summer 09 Fund... by anon1776 on Saturday January 24, 2009 @05:07PM (#448466)
Run, don't walk from IllinoisVENTURES. Read up on them at TheFunded.

They're probably even worse than these Dreamit guys, but they are definitely of the same ilk.

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Re:DreamIT Ventures Opens Up Applications For Summer 09 Fund... by rms on Saturday January 24, 2009 @05:25PM (#448478)
Slightly different ilk, I think, but IllinoisVENTURES will offer the worst valuations out of anyone in this game.
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Re:DreamIT Ventures Opens Up Applications For Summer 09 Fund... by anon1776 on Saturday January 24, 2009 @05:29PM (#448483)
Their valuations are terrible and the program's entire purpose is to try to get lucky and latch onto the next YouTube coming out of UIUC.

It's like YC except without any of the benefits and with terrible terms. There is no value added.

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Re:DreamIT Ventures Opens Up Applications For Summer 09 Fund... by sachinag on Saturday January 24, 2009 @05:59PM (#448501)
The whole Illinois/Chicago group is a bunch of way-too-late wannabes who are looking to take advantage of people. Startupnomics is 200 bucks with real people; DePaul's startup conference is 600 with no value.

The environment here are these people. This is why I go on and on about "Chicago is the next Detroit".

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