The have a bad attitude: "For the next 15 minutes, we will try to explain why you and/or your ideas suck" (<a href="http://goo.gl/NNKtIK" rel="nofollow">http://goo.gl/NNKtIK</a>)<p>And want to invest with a $1M valuation (<a href="http://goo.gl/2686da" rel="nofollow">http://goo.gl/2686da</a>).<p>To my mind, not so interesting. Sounds more like shark loans
20k ? Can you not just generate that much by consulting on the side? Thats what I am doing. But then I have no choice as I am old , unattractive and have an accent.
I'm not really sure how I feel about SeedRamp but I love the published interviews. It's interesting to watch different personality types and how they all answer questions/explain their businesses.<p>Are there many resources like this anywhere else out there?
If it was $50k or $100k, they might onto something. There's just not much any team can do on $20k, especially in Silicon Valley.<p>So far, they've rejected every single startup except one, which they gave just $5k to.<p><a href="http://www.seedramp.com/history.html" rel="nofollow">http://www.seedramp.com/history.html</a>
I can't speak to this idea, but these videos are PAINFUL to watch. In an age where we are inundated with mediocre content I would much rather watch interviews of carefully curated applicants and VCs than some random guy trying to get money to put his dad's piano music on an app (this is really in one of the videos).<p>The idea on paper sounds like a clever way to piggy back for a relatively low risk level on a lot of startups...and as much as contrarian thinking is pontificated, you have to wonder if there is a reason things are done the way they are in the first place.<p>I am not saying you can't disrupt an industry, but you have to first understand why the industry does it the way they do in the first place. It's not like a bunch of dumb people got together and said lets do this thing as backwards as possible. I have never met an idea for disruption that didn't at some point come to realize that there are often forces beyond control at play and it is very rare to be able to actually disrupt an industry just because intellectually it seems backwards.<p>I think it's time to dial back the disruption rhetoric and focus on the value creation as defined by people willing to pay more than it costs to make, sign, seal, and delivered.
Do they honestly believe that startups so close to death can actually turn around with a sufficiently high probability that this investment is worth it?<p>If so, all power to them. They obviously know something others don't.
If they're going to video the interview and make it public then there needs to be a minimum cap that's publicized on the website. Fair is fair.<p>This is pretty clever though, can't wait to see where it goes.
Can somebody with a better understanding of investment finances explain how much SeedRamp gets for their investment?<p>I skimmed the agreement, but I don't quite know how to interpret it.
Haters will hate, but they're doing it and there's nothing stopping them.<p>Gapjumpers, Stripe-o-Auth, and analytics viewing requests should be the defacto standard for quick due diligence in the early stages.<p>Hell, give email access to the investors if it's not delicate info. "o-auth"-ing in to see metrics etc,,, I think that will be the future of VC investing. Also, more of the 1-10 founding team will have much more equity.
Read a lot of comments here, and I don't know what's with the idea that you need $1,000,000 to fund a startup.<p>Most of these startups could have the operating costs of the following:<p>1) $100/mo good, solid servers
2) $500/mo freelance illustrators and designers (if that)
3) Time of the founder (if he's a programmer)<p>I know because I've made plenty of web apps for that. The difference is the programmer's time was mine, so I got paid.
I thought YC gave little money, but $20K is just ridiculous. That would buy you what, like a month of a senior dev time including all expenses.<p>It's absolutely awesome that they post all their interviews, such a great idea.
Honest feedback: The videos taint the image of this VC. They should select videos where the people applying actually show something interesting.<p>I couldn't watch any of the videos for more than 2 minutes because of the rambling, and the hosts "Uh huh. Uh huh." responses to irrelevant details from the applicants.<p>Interesting idea, polish the execution.
Could SeedRamp be a support business for Teamed.io?
Fund technical startup founders, 90% startups fail, so invite them to be project managers and team leads on teamed.io projects?<p><a href="https://www.linkedin.com/in/yegor256" rel="nofollow">https://www.linkedin.com/in/yegor256</a>
If this is just about having a conversation with different Founders and hearing more about their business, I'd be fine with it. I would be curious to see what the cap is as well as the equity they're taking for $20K. Hope they weren't hoping for a Board seat. ;)
It is a startup VC with a new model for investing (we may not all like it or we may like it). It would be interesting if this is a model that could be an alternative to current funding models. All the best to SR.
I wonder if their primary market is for bridge loans to startups running out of gas or to seed lots of fledglings as an alternative to accelerators, without the "program" (YC started out giving 20k).
I seriously don't get this. 20k for equity? You could loan 20,000 and still pay it back at a modest interest rate.<p>What could you possibly do with 20,000? Buy Adwords? Hire someone for 3 months? Does it lead to more people investing?<p>Looks like they are just spraying 20k across the board in hopes to find something that sticks.<p>You could easily get $20,000 to invest by working or even asking your family or friends. Then you would have a far better chance of raising money with a viable business that you won't have to get into bed with someone looking for hockey stick growth that ultimately kills startups.