Re:Portland Ten launching new incubator program, charges ent...
by comatose_kid on Wednesday February 11, 2009 @06:53PM
(#477769)
1) I don't doubt that. But if I were to pay for mentoring , I'd rather have access to people that have built profitable companies, or sold companies.
2) I'm not sure the analogy makes sense. Dell doesn't judge a company's business plan before it decides to sell you a server.
One of the important considerations with Portland 10 isn't whether or not I should get 100% of the ownership/profit, it's whether or not their advice helps me grow my business enough that I don't care that they get a cut of the equity.
3) That's fine - I don't agree that the trade-off (upfront capital with relatively unproven advisors vs. giving up equity with more proven investors who have a track record of investing in strong companies)is optimal.
2) I'm not sure the analogy makes sense. Dell doesn't judge a company's business plan before it decides to sell you a server.
One of the important considerations with Portland 10 isn't whether or not I should get 100% of the ownership/profit, it's whether or not their advice helps me grow my business enough that I don't care that they get a cut of the equity.
3) That's fine - I don't agree that the trade-off (upfront capital with relatively unproven advisors vs. giving up equity with more proven investors who have a track record of investing in strong companies)is optimal.