What do people think about NAB's young entrepreneur program? http://www.nab.com.au/wps/wcm/connect/nab/nab/home/about_us/4/3/2/2/
You get a loan of up to 20k. The conditions seem fairly lax, with the biggest stumbling block being your age (ie, 30 and under). (hat tip to the switched on @Mister_Black <http://twitter.com/Mister_Black>who just notified me) I've got mixed thoughts. - 20k is literally startup costs, so you need to be very careful. Need a lot of focus on how you spend it. - 20k is perfect for a loan. It's not a massive amount, that will send you broke if you fail. - 20k is something I could raise from family, friends and myself with easier terms. I could sell my car and get that - why would I commit to a bank loan of only that amount, if I was that serious in starting a business? - Perhaps the real benefit is the terms on the loan, but I am not sure that they are that much better than a business loan At startup weekend, we had several team products in 24 hours with minimal costs. Some of the products where bench marked against other efforts that individuals had been involved in (like iPhone apps) and the weekend beat it by months (and naturally cheaper if you measure opportunity cost). Thought I'd put it out there and get people's thoughts. I want to find solutions to building entrepreneurialism in the Aussie Internet sector, and questioning these things helps me understand what we really need for silicon beach. -- Elias Bizannes http://liako.biz --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Silicon Beach Australia" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en -~----------~----~----~----~------~----~------~--~---
