[–] JayNeely 18y ago ↗ Sparse site, but interesting. Questions from their PDF application:* What’s the idea?* Why now?* Who are your competitors?* How will you make money?* How will you use the funding?* Please describe your product development roadmap. How long will it take to complete your first version?* Please provide bios for each founder.* Please provide 3 references for each founder. [–] JayNeely 18y ago ↗ Just found out more from CNet: http://7hr.qlnk.net/-They'll invest up to $200,000.-It's only for NY-based tech startups.-They have $2,000,000 under management to invest.-They're headquartered at Polytechnic University's start-up incubator: http://www.poly.edu/incubator/
[–] JayNeely 18y ago ↗ Just found out more from CNet: http://7hr.qlnk.net/-They'll invest up to $200,000.-It's only for NY-based tech startups.-They have $2,000,000 under management to invest.-They're headquartered at Polytechnic University's start-up incubator: http://www.poly.edu/incubator/
[–] lurkage 18y ago ↗ Doesn't seem to say anywhere how much they invest. How are you supposed to know if you want to apply? [–] rms 18y ago ↗ I would guess it is in the ~100k range, 5kn+ 5k wouldn't work in NYC.PA has a bunch of early stage state funded seed funders, they are known for doing extraordinary amounts of due diligence.
[–] rms 18y ago ↗ I would guess it is in the ~100k range, 5kn+ 5k wouldn't work in NYC.PA has a bunch of early stage state funded seed funders, they are known for doing extraordinary amounts of due diligence.
[–] rms 18y ago ↗ >No idea is too early for consideration for NYC Seed.>We will ask to review a prototype of your product.Bit of a contradiction.
[–] rokhayakebe 18y ago ↗ Be careful.That's all i will say. [–] jsjenkins168 18y ago ↗ why? [–] rms 18y ago ↗ yeah, this is legit, the CNET article says Bloomberg himself announced this fund.
[–] lsemel 18y ago ↗ Doesn't say who runs it. If it's run by the gov't it'll probably be incredibly risk averse and not invest in anything particularly innovative.
10 comments
[ 87.2 ms ] story [ 140 ms ] thread* What’s the idea?
* Why now?
* Who are your competitors?
* How will you make money?
* How will you use the funding?
* Please describe your product development roadmap. How long will it take to complete your first version?
* Please provide bios for each founder.
* Please provide 3 references for each founder.
-They'll invest up to $200,000.
-It's only for NY-based tech startups.
-They have $2,000,000 under management to invest.
-They're headquartered at Polytechnic University's start-up incubator: http://www.poly.edu/incubator/
PA has a bunch of early stage state funded seed funders, they are known for doing extraordinary amounts of due diligence.
>We will ask to review a prototype of your product.
Bit of a contradiction.