@davemcclure at Seed Startup Panel (Twitter Feed Recap)

 I came across this feed of posts by Dave at a Seed Funding panel at the Founders Fund. It is a good summary of several incubators and seed level funds, including the amount invested and what that investment carries with it. It is a bit difficult to find the concise thread on Twitter, so just reposting it here to make it easier to parse.

    1. Dave McCluredavemcclure 

      #FOF Incubator Panel

    2. Dave McCluredavemcclure 

      #FoF @davidcohen: “the scarce resource in incubators these days isn’t $25K… it’s [good] mentorship”

      •  
    3. Dave McCluredavemcclure 

      #FoF @TheFunded: “when i was a young man at IdeaLab, we had to walk 5 miles uphill to school (BOTH WAYS!)”… 😉

    4. Dave McCluredavemcclure 

      #FoF @TheFunded : “I don’t need to make money… i just want more rainbows & unicorns!”

      •  
    5. Dave McCluredavemcclure 

      #FoF @davidcohen#TechStars exits: SocialThing (AOL), IntenseDebate (Automattic), BrightKite (Limbo), FilterBox (Jive)

      •  
    6. Dave McCluredavemcclure 

      #FoF @TheFunded “170 companies enrolled in Founders Institute, so far we have 41 graduates”

      •  
    7. Dave McCluredavemcclure 

      #FoF @rsohoni “for #seedcamp, we like to make expert svc providers avail but leave it to entrepreneurs to make decisions”

      •  
    8. Dave McCluredavemcclure 

      #FoF quotable @TheFunded “most commercial real estate incubators are douchebags… at 30% vacancy rates, lots of folks are incubators”

      •  
    9. Dave McCluredavemcclure 

      #FoF @TheFunded:Founders Institute did ~40 last year, aiming for hundreds this year (feeder to other incubator programs)

      •  
    10. Dave McCluredavemcclure 

      #FoF @TechStars does 30 startups / yr (3 cities); @seedcamp 10/yr (moving to 15/yr); @bootuplabs does 6-8 /yr

      •  
    11. Dave McCluredavemcclure 

      #FoF @rsohoni EU-based incubator @seedcampinvests 30K-50K Euros (~$50-80K USD) for 5-10% preferred

    12. Dave McCluredavemcclure 

      #FoF @dannyrobinson says @bootuplabs uses $150K conv note w/ $850K cap (founders must take $50K; rmng $100K at founder optn)

      •  
    13. Dave McCluredavemcclure 

      #FoF @dannyrobinson saying that @Techstarsreally investing more like $30-50K if you count services / facility etc

      •  
    14. Dave McCluredavemcclure 

      #FoF quote @davidcohen: “@Techstars works best in places w/ chip on its shouldr” (transltn: we’re not in Silicon Valley 😉

      •  
    15. Dave McCluredavemcclure 

      #FoF @davidcohen @Techstars puts in $6K per founder (max $18K) in exchange for ~6% common

      •  
© StartupsHK. Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit AND link of actual article is given to StartupsHK with appropriate and specific direction to the original content.