- Business school students Jen Gee (Harvard) and Corey Crawford (Templeton) saw the terms of Lightbank Start as potentially unfavorable for entrepreneurs.
Lightbank Start Offers Tech Talent $100,000 To Co-Found A Company -WSJ on.wsj.com/Q34IpN via @WSJ - 50% equity for 100k? This is terrible- A Morgan Stanley mergers and acquisitions analyst in New York, Naoki John Yoshia, agreed.
50% of equity is a big ask - Lightbank Start Offers Tech Talent $100,000 To Co-Found A Company - WSJ on.wsj.com/Q34IpN via @WSJ- Still, Lightbank won support from some entrepreneurs, among them Ross Gordon, the founder of an interactive branding agency Tribe9Interactive and CraftJack, which links homeowners and contractors...
I see the @lightbank start argument. If I were 22 in this economy with just an idea and no track record, i take it in a second @iPaulLee- ...and Robert Leshner, the founder of San Francisco-based SafeShepherd, a security company that helps families stop data brokers from selling or publishing their personal information online.
- 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.
Well lightbankstart.com didn't buy a whole tech shop like New Context did. I guess that's smarter, in a way.- Lightbank partner Paul H. Lee took the comments in stride.
- 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.
in a shocking turn of events, the 50%(!!!!) equity stake accelerator is run by the groupon guys blogs.wsj.com/venturecapital…
50%??? Can teach $GRPN lesson on how 2 cash out early on ponzi scheme. Lightbank Start Offers $100,000 To founders - on.wsj.com/Q34IpN
@rakeshlobster Please tell me you saw this, and attacked: blogs.wsj.com/venturecapital…
I would mock Lightbank for ripping off entrepreneurs on.wsj.com/OU4Fwv but adverse selection problems here should screw Lightbank.
50% FOR $100K GREAT WAY TO FIND OUT HOW MANY CHICAGO FOUNDERS ARE MORONS. on.wsj.com/Q6hAvx @sandman_va- TechStars founder David Cohen found the trolls entertaining.
RT @FAKEGRIMLOCK: 50% FOR $100K GREAT WAY TO FIND OUT HOW MANY CHICAGO FOUNDERS ARE MORONS. on.wsj.com/Q6hAvx @sandman_va- Angel investor and founder of Sparkbuy (acquired by Google in 2011) Dan Shapiro offered a simple calculation for judging Lightbank Start.
@lorakolodny compare to average seed round to quantify the value of a company's first prototype and pitch.- 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.
- Lightbank Start Offers $100,000 for 50% equity stake | Hacker NewsLightbank Start Offers $100,000 for 50% equity stake (wsj.com)
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