Would You Like $20,000 or $50,000
As an entrepreneur with your sparkling new startup, would you like a $20,000 investment from LaunchBox Digital or $50,000 from Amplifier Ventures?
I know what you are thinking, you are thinking:
- “I’m sorry did I hear that right, $20,000 or $50,000 total? You mean a month for a year right?”
- “With so little money are you not assuring failure?”
- “These have criteria that if met will trigger follow on funding, correct?”
- “When management and execution has value, how do you get that for $50,000″
- “Is this the best the Washington, DC, VA, MD area can do, up to a $50,000 investment?”
But hold on, it is not about the money. These are firms that provide substantial guidance and all kidding aside, the guidance and mentoring that is provided is invaluable. Having worked with amazing individuals, and learned from them I consider that to be valuable. They do graduate these startups to receive additional funding, in some cases. Koofers.com received an additional follow on of $500,000 last December.
Take a look at these sites, they have application deadlines and good luck.
Michael Rihani on February 2nd, 2009
Sean, Julius, John, and Matt have been critical to hatching Koofers.com into a fully fleshed out product in nearly no-time. I really encourage DC-area startups or anyone thinking about their idea to submit an application. There’s really no way to lose. It’s a way to validate your ideas and team.
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