Sue Kim, a tech professional with Chicago-based software developers 8thLight, preferred Lightbank's approach to that of an incubator called Digital Garage. The incubator acquired New Context, a software consultancy, outright.
As Lightbank was created by Groupon co-founders, many took jabs at the daily deals business, while critiquing Lightbank Start. Among these critics were angel investors and start-up advisers Steve Bennet, Jon Sterling and Rakesh Agrawal.
A discussion ensued on Y Combinator's HackerNews site. One commenter called Lightbank's program a "sucker's bet," and another estimated their terms were "cheaper pro rata" than other incubators or seed deals.