Y Combinator competitor - DreamIt Ventures

http://www.cheaprevolution.com/the_cheap_revolution/2008/07/announcing-the.html

by myasmine • 18 years ago

12 11 18 years ago

cheaprevolution.com

philipcristiano3• 18 years ago

I'm pretty sure my friend just started working for one of the companies there.

nr_anand2• 18 years ago

Do you know if your friend likes the workspace there?

philipcristiano3• 18 years ago

I think he does, I just left a message for him asking if it was actually the company. He is new to the whole start-up idea, he just found out people will pay you to start a company.

If it is actually the place I will let you know.

myasmine2• 18 years ago

the workspace is different. we work in the third floor of the science center and the workspaces are a cross between cubicles and dressing rooms (provides some privacy). we also have access to private conference rooms if needed. we get everything we need (copier, printer, etc.) except everyone needs to bring in their laptop/desktop

procyon• 18 years ago

just looking at the numbers these guys give out $10,000 to 30,000 for 4%-8% of the company. It is not a great deal of money but certainly most of the non-YC companies seem to be giving out more money.

Assuming that quality of YC and non-YC programs is the same, I wonder how much extra 10,000 going to make a difference.

pg• 18 years ago

They take their percentage out of your next funding round, instead of buying the stock upfront and getting diluted when you do. I don't know if this was deliberate or just a transcription error, but it ends up netting them significantly more stock than the way YC does it: 50-100% more if your next round is a typical VC round.

Baltropreneur• 18 years ago

The amount of awesome things the teams have accomplished prior to DreamIT (from MTV to TechCrunch recognition to by another winning grant money to winning an award via their Ivy League school(half come from Harvard)) seems to be unique!

Y Combinator competitor - DreamIt Ventures

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