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Ask HN: Is $100k for 50% just a terrible idea?

My cofounder and I were looking at accelerators, especially the ones around Chicago and came across Lightbank. They have a program called Lightbank Start http://www.lightbankstart.com/ where they give you an 100k seed in exchange for 50% of your company.

We're new, have half of an idea, and no track record. Should we consider applying to them? (We are, of course, applying to the famous accelerators).

53 points 147 12 years ago 55 comments

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