Startmate launched not that long ago - I'm out of the Aus scene these days, so not sure how it's going. I reckon you need the mentors more than the millions - and indeed, if you could get the mentors then the money would likely follow from somewhere.
I'm off to Birmingham for a weekend at the end of this month. I shall now delight in knowing that it's the size of ... Brisbane.
Yeah they have done their first round of companies. A friend did it and it seems they got a fair bit out of it. Only time shall tell if it was truly worth it for them or not.
I hate a me-too comment just as much as everyone else, but people need to read this before getting tricked (perhaps not on purpose, but by not noticing it's a loan they're getting into). I know these guys want to help as many companies as they can (actually, i hope that's the reason), but 6% for a loan sounds like a bad deal unless the mentorship/advice/connections they're getting it are extremely valuable.
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[ 3.6 ms ] story [ 13.5 ms ] threadAnyway, best of luck to these dudes. There's certainly more than enough success to go around. Why Birmingham? Why not?
PS. Is there a YC-clone in Australia yet? Does anyone want to lend me a couple of million to start one? :)
I'm off to Birmingham for a weekend at the end of this month. I shall now delight in knowing that it's the size of ... Brisbane.
http://www.startmate.com.au/
Doesn't sound that appealing to be honest.