| Bugsy, First point: Then don't apply. Second point - Read... Then read some more. Do a little research on what you get when you are accepted by an accelerator. We are not fortunate enough to have a benefactor like Yuri Milner who is blind betting on an entire system (yet), but then neither are the companies we will fund. We fall directly in line with what most other accelerators invest. Third and most important point: It's not really about the money. I think if you asked folks who had successfully started, built and exited from an early stage company, if they would give up between 6%-9% to be able to "accelerate their personal and business development; get expert legal advice; learn how to build decent financial models; learn how to build and manage a team; get their software built; get to work closely with and get exposed to hundreds of investors... they would say "absolutely" at least they would if they were smart. Plus, most accelerators bring in investors to help companies learn how to write a good investor pitch, build a strong case for their business and present themselves in a way that investors feel comfortable with. The they turn around and listen to the pitches from companies that they helped mold. The advantage of this model is too obvious to require elaboration. Eel was right when speaking of the REAL benefits. Unfortunately, we haven't done a very good job communicating who our "Captains" (mentors, advisors, investors and friends) are. There will be a more detailed list of mentors and investors on the site shortly, but I assure you that we have the chops and the connections to make the Project Skyway experience a a worthwhile endeavor for early stage tech companies. So, forget about the $6k. It is there to get you through three months; to pay your cell bill; buy groceries and keep you from having to supplement your income to a degree that you can't focus on your company, your customers, your products and your personal development. It is there to help you become the full-time, balls-out, "Go Big or Go Home" entrepreneur that you will have to be in order to be successful. |
Sure, I understand that you are claiming to provide all sorts of introductions to power players, politicians and the illuminati who your site implies are your close and personal friends. Presumably then like Facebook one can get laws passed requiring internet ID and position themselves to get a monopoly. Work the system and create a global police state rather than provide a solid product customers want and choose to use voluntarily because it is valuable to them. Not all creators want to go the route of leveraging politicians with bribes and back door deals to succeed. Some of us just want to make a solid product free from interference from so corrupted politicians working to squash entrepreneurs that don't cut them in for a share as if they are the mafia.
Who are you guys again? How many successful businesses have you founded? Which politicians exactly are you related to and what are examples of your past successes influencing them in subversion of democracy?
A lot of innuendo, very little specifics. It all sounds like a bunch of big talkers looking to grab a slide of ownership of a bunch of companies for peanuts when those companies don't need any such help to succeed.
My opinion would be different if the offers weren't so tiny.
$6000 is nothing. Typical software product should be selling $6000 worth in a day or at most a week or what is the point.