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Comment on BlueChili Accelerator: $75k for 30% of Your Startup?

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Does anyone else have more detail on this? What's the deal? Does 30% for $75k sound crazy or is my judgement just skewed by YC's (and in some part TechStars') fundamentals?

My thoughts exactly. That does seem crazy, especially if that $75k is in AUD, which is roughly $57,800 USD...

Sometimes you need to check and make sure you're not losing it. $57,800. Wow.

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