If the funding is available immediately (not just an immediate commitment for funding once they start a batch), would it address the following problem I've run into a few times? In the last year alone, I've had to bow out of co-founding two promising startups with good biz co-founders, because first-year MBA students wanted to finish their degree before they sought funding. Two ways funding could help: 1. I couldn't…
If your cofounder isn’t full time, that’s not your cofounder. That’s a part time contractor who owns 50% of your company.
But if the follow-through doesn't happen, then the whole thing was probably a huge waste for non-MBA-student co-founders. (Unless those co-founders weren't really committed themselves.)