The $17k honestly is so small, that it's largely irrelevant. And pursuing it will just distract you, and waste your time.
For that small a price, I can fund the idea myself, and own the company 100%.
But that's the point of the incubator. Maybe it's good for a broke kid out of college. But any seasoned professional in his late 20s-30s, "should" have the sufficient funds to support himself, and fund his vision.
But as someone else has said, maybe the benefit of the program, is the mentorship that can help focus your ideas, and bring it to market.
Hey, take it easy. Don't blow a gasket. No need to mod me down to oblivion.
The guy was asking for opinions. I suggested an option, for him to park the money somewhere.
It's not the only option in the room.
And the return rates are slightly better than the non-existent interest rates out there now. But considering he has a burn rate, then no, this would not be so wise. And the annual returns from the money, is not very high anyways. So it's not worth the risk.
So maybe he should just put it in a CD, ING, or just stuff the money under his mattress.
What about buying stocks that pays dividends with it?
Microsoft pays quarterly dividends of $0.16/share. The Rate of Return is 2.23%.
Intel's dividend of $0.16/share, has a ROR of 3.01%.
AT&T's dividend of $0.42/share, has a ROR of 5.93%.
Verizon's dividend of $0.49/share, has a ROR of 5.70%.
These are all companies that are going to be around for a while. And even if the stock goes down, you still get paid a dividend for it.
For that small a price, I can fund the idea myself, and own the company 100%.
But that's the point of the incubator. Maybe it's good for a broke kid out of college. But any seasoned professional in his late 20s-30s, "should" have the sufficient funds to support himself, and fund his vision.
But as someone else has said, maybe the benefit of the program, is the mentorship that can help focus your ideas, and bring it to market.