[wnsire]

> you're giving them crap for it

Wait , what ? My comment started by "Thanks" that's a weird interpretation really...

If you have 1000 companies following the course that's like 10% chance of getting funding, regardless of whether or not there is an equity that's the point.

[fridaymorning81]

they are giving away 1,000,000 dollars.. just giving it away. plus tons of content. did you read the article?

[samstave]

Doubtful that it is randomly given in a lottery sense - they likely are granting this to keep promising teams going...

[HatchedLake721]

In return for... 0% equity!

[samstave]

Yeah, which is why it is only 10K -- and not the 100K like was stated earlier by someone - if it were the 100K then it would be very similar to a typical YC round of funding.

[dpeck]

pro tip: in the world of funding a 10% chance of success is a damn good one.