It all started last year around March when I had an idea (great one, of course :P). But as such, I couldn't do anything about it. Then came Google Product Prodigy contest, in which I and Sai Prashanth submitted the idea. We got into the finals, but couldn't submit the product due to some inherent technical problems. Then came Trilogy - Pirates of the Corporate, which was a business plan contest. What was cool about it was that the winner will be funded $100,000 for a startup, and as seed money, that amount it too great for anybody to start off. For a comparison, many other venture capitals fund about say $10k as seed amount. But, $100k would mean a stake of 25% in the company. Even though it is a different fact that we were not selected as the winners on grounds of security concerns of the product, it was a nice experience overall. :)
Lost In Hong Kong
It all started last year around March when I had an idea (great one, of course :P). But as such, I couldn't do anything about it. Then came Google Product Prodigy contest, in which I and Sai Prashanth submitted the idea. We got into the finals, but couldn't submit the product due to some inherent technical problems. Then came Trilogy - Pirates of the Corporate, which was a business plan contest. What was cool about it was that the winner will be funded $100,000 for a startup, and as seed money, that amount it too great for anybody to start off. For a comparison, many other venture capitals fund about say $10k as seed amount. But, $100k would mean a stake of 25% in the company. Even though it is a different fact that we were not selected as the winners on grounds of security concerns of the product, it was a nice experience overall. :)
1 comments:
security concerns?
Did you want to start a company which makes Nuclear weapons or what...!?
:)
Post a Comment