Seems like a pretty hefty chunk to give up for $20K and the chance to be a guinea pig in an unproven startup incubator run by...a baseball team.
I have no idea about the quality of RG/A's work, but we did share an office with them and it was always an entertaining recent college grad, hipster fashion show.
I do think the idea of sports focus is cool though.
Re:L.A. Dodgers Accelerator
by jsprogrammer on Tuesday June 16, 2015 @01:21AM
(#9723958)
Their marketing is also a bit misleading. The landing page claims to award/grant $120K to each team.
However, until you get near the last question of the separate 'FAQ' page, there is no mention of equity exchanges or convertible debt financing, nor that $100K of the prize is optional and if chosen, require the team to take ongoing financial obligations to the sponsor(s).
Re:L.A. Dodgers Accelerator
by drewpmoffitt on Friday June 19, 2015 @01:41PM
(#9746413)
Aren't the original YC terms 7% for $20,000 plus $100,000 uncapped note?
>The Accelerator model gives you the opportunity to pitch investors, venture capitalists, influential industry leaders, and R/GA executives and clients at the end of the program during Demo Day. As a benefit of participating in the program, each company will receive $20,000 as well as work space, connections, and deep mentorship in exchange for 6% equity. In addition, companies accepted to the program have the option to accept a $100,000 convertible debt note. This provides even more resources for you to get your ideas off the ground.