[shadowsun7]

I agree completely with apphacker. Being evil or unfair on the Internet is anathema to a (web) startup-related enterprise. 3 out of 7 startups funded is ridiculous. With this hitting the HN community, your best hope is that all three of those startups make it big, or you've just lost whatever credibility you have (with startups that count).

Good luck.

[libretard]

Perhaps in the interests of total transparency on this, Bootup should come clean and reveal precisely how the so-called "Management Fee" is disbursed going forward?

$50K for 8 months is a lot of rent and accounting services.

If the Management Fee pays for the managers' salaries, like Danny and Boris Wertz, then they are not necessarily incentivized to have quality startups in each cohort... more important to Bootup in that circumstance is having enough startups to cover their overhead in each 8 month cycle.

[mikeyur]

Boris Wertz is a Vancouver VC who now invests in Bootup, Boris Mann is a founder of Bootup Labs. Just wanted to clear that up.