Billionaires will make the world a better place by investing in fellowships like this than donating money to charities.
Sci-Founder Fellowship: Helping scientists to start companies
11–20 of 65 posts
Re: Sci-Founder Fellowship: Helping scientists to start companies
#12Re: Sci-Founder Fellowship: Helping scientists to start companies
#13are you planning on batches in future years? I'm not really ready for this now, but will be in a year or so.
Re: Sci-Founder Fellowship: Helping scientists to start companies
#14Calling this a "Fellowship" is misleading. The funding is an investment. See their FAQ:
Q: How much equity does Sci-Founder take in my company?
A: There are two funding options we offer:
$250,000 for 10% equity
$400,000 for 15% equityRe: Sci-Founder Fellowship: Helping scientists to start companies
#15Any scientists applying need a partner from the software side? Would love to make an impact in something like this!
Re: Sci-Founder Fellowship: Helping scientists to start companies
#16Calling this a "Fellowship" is misleading. The funding is an investment. See their FAQ: Q: How much equity does Sci-Founder take in my company? A: There are two funding options we offer: $250,000 for 10% equity $400,000 for 15% equity
We're trying to be very upfront that this is a for-profit thing for the creation of for-profit companies. We're calling it a fellowship because we care more about creating a community of scientists starting companies than potential financial returns.
There are other for-profit fellowship programs that have popped up too recently -- for example, the South Park Commons Founder Fellowship.
Re: Sci-Founder Fellowship: Helping scientists to start companies
#17Calling this a "Fellowship" is misleading. The funding is an investment. See their FAQ: Q: How much equity does Sci-Founder take in my company? A: There are two funding options we offer: $250,000 for 10% equity $400,000 for 15% equity
We're trying to be very upfront that this is a for-profit thing for the creation of for-profit companies. We're calling it a fellowship because we care more about creating a community of scientists starting companies than potential financial returns. There are other for-profit fellowship programs that have popped up too recently -- for example, the South Park Commons Founder Fellowship.
What constitutes a scientist? I read that you don't need to be in a PhD program, I am working on a quantum problem in a garage at the moment. We've built a Thor Labs optics lab. This would be amazing for us, Thor labs equipment is expensive and currently need a new laser. This would be amazing
Re: Sci-Founder Fellowship: Helping scientists to start companies
#18Calling this a "Fellowship" is misleading. The funding is an investment. See their FAQ: Q: How much equity does Sci-Founder take in my company? A: There are two funding options we offer: $250,000 for 10% equity $400,000 for 15% equity
Is it just me, or does it seem like an odd assumption that this hard-codes the value of the company to $2.5M-$2.7M? I would think they would have a percentage cut they target or a dollar amount they target, and the other variable is filled in based on their assessment of the startup's value at the time?
Re: Sci-Founder Fellowship: Helping scientists to start companies
#19Billionaires will make the world a better place by investing in fellowships like this than donating money to charities.
Blindly donating to charity is the worst thing you can do. There is literally a war going inside every charity on how to best steal the $.
My first job, was at an agency, that was created because a charity was stealing so much and doing so little, so they created their own agency cause most of the money was going advertising/stealing instead of doing actual work.
Re: Sci-Founder Fellowship: Helping scientists to start companies
#20Calling this a "Fellowship" is misleading. The funding is an investment. See their FAQ: Q: How much equity does Sci-Founder take in my company? A: There are two funding options we offer: $250,000 for 10% equity $400,000 for 15% equity
Is it just me, or does it seem like an odd assumption that this hard-codes the value of the company to $2.5M-$2.7M? I would think they would have a percentage cut they target or a dollar amount they target, and the other variable is filled in based on their assessment of the startup's value at the time?
Early stage startup valuations are more or less worth the paper that they're printed on. Probably more cost effective to hard-code the valuation to the same number than to try and determine the value for each startup applying.