This is a terrible deal. Valuation at 250k but you lost 30% of the company.
For seed around, anything more than 10% is unacceptable. On Tuesday, January 6, 2015 at 5:20:38 PM UTC+11, Colette Grgic wrote: > New year, new opportunities! Applications are open for Disrupt@Scale - > Human Connections > <http://www.bluechilli.com/corporate-innovation/disrupt-scale-human-connections/?utm_source=email&utm_medium=email&utm_campaign=silliconbeach> > where > four winning startups will receive $75,000 investment each. > > *Lowdown:* > * Partnership between BlueChilli, InnovationBay with investment from > Entsquared and BlackSheep Capital. > * Initiated by corporate partner: one of the largest financial > institutions in Australia > * Four startups will each receive $75,000 investment for 30% equity... > * ...which also gets you a six month placement in the BlueChilli > Accelerator program... > * ...and a very valuable corporate partnership giving you the ability to > scale your startup through their 35,000 staff and 12 Million customers > * Must apply under broad themes "Marketplaces" or "Mobile Workplace > Solutions" > * Early stage startups preferred, "lean canvas ideas" welcome too > * Can apply with multiple ideas > * Can apply with or without a tech team in place (i.e you choose your dev > team, although all winners will have access to the BlueChilli devs at cost) > * Applications close 16 January > > All the details are on the website > <http://www.bluechilli.com/corporate-innovation/disrupt-scale-human-connections/?utm_source=email&utm_medium=email&utm_campaign=silliconbeach>; > > fire away with questions here or send me an email if you're feeling shy. > > Cheers, > Colette > > P.S If you're wondering whether it's worthwhile, check out > <https://vimeo.com/113577834> what applicants from the previous program > had to say about it. > > - > > -- -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Vist http://siliconbeachaustralia.org for more Forum rules 1) No lurkers! It is expected that you introduce yourself. 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en --- You received this message because you are subscribed to the Google Groups "Silicon Beach Australia" group. To unsubscribe from this group and stop receiving emails from it, send an email to silicon-beach-australia+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/d/optout.
