Shotput Ventures 2010 summer application

http://www.shotputventures.com/shotput-ventures-2010-applications-open

by sanjayparekh • 16 years ago

14 15 16 years ago

idlewords2• 16 years ago

This seems like a particularly unappealing deal. In exchange for 5-10% of your company, you get no office space and barely enough money to survive a hot Atlanta summer ($6K per participant). According to the FAQ, you're supposed to make the money stretch for six months.

That better be some triple-distilled, A++++ quality mentoring.

If I had to try my own hand at mentoring, I would say: don't be a sucker.

(you can mail me a 2% 'thank you' stake in your startup at your convenience)

[edit: fixed wrong percentage in original comment]

jaf12duke• 16 years ago

Where do you get 10-20%?

From http://www.shotputventures.com/faq

"How much funding do you provide? We provide $6,000 per founder, min two, max three founders. So, $12,000 - $18,000 per team in exchange for 5% - 10% of equity on entrepreneur friendly terms."

From a pure capital to equity ration standpoint, that seems to be on par with other similar programs.

sanjayparekh6• 16 years ago

We'll have some details on office space soon - that little bit is changing for the better.

idlewords2• 16 years ago

My indignant mind doubled the figure - I fixed it in the comment. Thank you.

u238• 16 years ago

$1,000 a month per person? Really?

sanjayparekh6• 16 years ago

No, not really. I'm so surprised at how little people read postings before jumping to an analysis. It's $6k per founder for a 3 month summer program. That works out to $2k per founder per month.

maxwin• 16 years ago

But they say they expect you to last 6 months.So it is 1000 per month! I think that's what r238 meant.

Shotput Ventures 2010 summer application

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