Momentum MI seems to be a YC clone to me. They copied several things from YC - they take $20K for 8% of equity, they have a 'Demo Day' and so on.
Organizations like these seem to be popping up everywhere. And the companies they are funding aren't the same quality as YC. It seems like there is a ton of capital available and a ton of startups are being created (especially web based). Are we in some kind of a bubble? As a startupper, I find this interesting.
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Poor choice of title; should be "Startup accelerator in Michigan." Also, this isn't really news, as Momentum MI has been around for a couple of years.
Momentum MI seems to be a YC clone to me. They copied several things from YC - they take $20K for 8% of equity, they have a 'Demo Day' and so on.
Organizations like these seem to be popping up everywhere. And the companies they are funding aren't the same quality as YC. It seems like there is a ton of capital available and a ton of startups are being created (especially web based). Are we in some kind of a bubble? As a startupper, I find this interesting.