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by fxtentacle 2194 days ago
I also wonder if a $15mio valuation (20% for $3m) is a good deal for founders that have a moonshot idea and a first step that is reachable within 2 years and a plan of how to get there.

I mean if I had a plausible 2-year plan on how to fix the image processing part of self-driving cars and autonomous drones, just the knowledge of how I consider that possible might be worth more than $15m to Google, Uber, Skydio, or the DoD.

So to me, this looks more like a glorified way for teams without connections but with a great prototype to get introductions to the "real" investors that'll pony up $100m+