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?
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.