Webvan’s Peter Relan Takes Wraps Off New Startup Incubator, 9+(siliconbeat.com)
siliconbeat.com
Webvan’s Peter Relan Takes Wraps Off New Startup Incubator, 9+
http://www.siliconbeat.com/2013/07/11/webvans-peter-relan-takes-wr000000aps-off-new-startup-incubator-9/
1 comments
I posted this to just comment on it. If you're asking for 18% equity as an incubator, you're going to have the worst batch of startups conceivable. This will not end well.
Hi, Joe. I wondered when talking to Relan yesterday how entrepreneurs will react to this. On the one hand, it's certainly better than the 50% stake he was taking before. OTOH, perhaps those earlier terms were part of why YouWeb seeded only a handful of companies.
Thanks for the feedback - Peter Delevett @mercwiretap
Thanks for the feedback - Peter Delevett @mercwiretap
Early stage investing is the most competitive. These terms show a fundamental misunderstanding of the market (or his value).