FounderFuel Doubles Down on Startup Investments

Posted by Techvibes NewsDesk

Montreal-based accelerator FounderFuel has announced that they are doubling their investment in startups with their next cohort.

According to their blog, "We’re excited to announce an important change to the FounderFuel program. As of today, future cohorts will receive $50,000 in exchange for 9% equity instead of the old $25,000 for 6% model."

Here's a summary of FounderFuel's new offer for startups: they'll offer $50,000 for 9% equity on Day 1 of the program; $150,000 in convertible debt at Demo Day; $150,000 of "exclusive discounts and perks"; three months of free office space in the Valley after Demo Day; 120 startup veteran mentors (serial entrepreneurs, investors and senior executives). The accelerator points out there will be 800 people at Demo Day, making it the largest event of its kind in North America

Interested? Apply before midnight February 8, 2013.

Company:
FounderFuel
Website:
http://www.founderfuel.com
Location:
Montréal, Québec, Canada

At FounderFuel we believe startup success is more about the people than the idea. We take a lot of care in choosing the smartest and most resourceful, dedicated and passionate people we can find. Once selected to join the program, you’ll be surrounded by a few like-minded entrepreneurial teams for an 12 intense weeks. You will be developing your business within an ecosystem of experienced entrepreneurs, top... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more




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