Founders

L-Spark’s “accelerator”:

Give up equity, or pay cash, or share your revenue, just for the chance to integrate with their product.

It’s not an accelerator. It’s outsourced corporate R&D…funded by founders.

You’re not being accelerated. You’re being invoiced.

Way to expose this @kazi this is truly wild.

@quicknode GTM | building /startupradar                                  rants and travel photos are my own

ty for bumping this. it's the problem with the Canadian ecosystem--VCs like to offset risk in very stupid ways.

They’re defeating the purpose of VC. This deflates a founder’s confidence. If I am a founder, I want to give equity / receive capital from someone who believes in me / my product. Mitigating risk like this is borderline predatory.

Might as well be a lifeguard who can’t swim, no?

imagine being a risk-averse VC 

what a joke