I posted this to just comment on it. If you're asking for 18% equity as an incubator, you're going to have the worst batch of startups conceivable. This will not end well.
Hi, Joe. I wondered when talking to Relan yesterday how entrepreneurs will react to this. On the one hand, it's certainly better than the 50% stake he was taking before. OTOH, perhaps those earlier terms were part of why YouWeb seeded only a handful of companies.
Thanks for the feedback - Peter Delevett @mercwiretap
Comments
I posted this to just comment on it. If you're asking for 18% equity as an incubator, you're going to have the worst batch of startups conceivable. This will not end well.
Hi, Joe. I wondered when talking to Relan yesterday how entrepreneurs will react to this. On the one hand, it's certainly better than the 50% stake he was taking before. OTOH, perhaps those earlier terms were part of why YouWeb seeded only a handful of companies.
Thanks for the feedback - Peter Delevett @mercwiretap
Early stage investing is the most competitive. These terms show a fundamental misunderstanding of the market (or his value).