For 50k they take 10% equity, valuing your startup at a tiny 500k, plus you have to leave the country. You give up a lot.
Why not just pitch to Dave McClure's 500Startups? You can get started with $10k for 1% equity, valuing your startup at $1M. More funding is possible, plus space, mentors, ...
Why not just pitch to Dave McClure's 500Startups? You can get started with $10k for 1% equity, valuing your startup at $1M. More funding is possible, plus space, mentors, ...
http://500startups.com/