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A venture capital firm says it invests in people “pre-idea, pre-team”

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Re: A venture capital firm says it invests in people “pre-idea, pre-team”

#6
post #5

£10k for an 8% equity stake, how does this compare to other funding in London? The article mentions the "Founder Institute" provides £1k for 3.5%.

Comparable. Techstars take slightly less for the same amount: http://www.techstars.com/funding/

Re: A venture capital firm says it invests in people “pre-idea, pre-team”

#8
post #5

£10k for an 8% equity stake, how does this compare to other funding in London? The article mentions the "Founder Institute" provides £1k for 3.5%.

Seedcamp is "€25k for 5% w/ optional further €50k for no more than 2% (totalling €75k for 7%)" [0], which at current exchange rates is around £18K for 5%.

[0] http://seedcamp.com/our-deal-terms/

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