They micromanage like crazy. I was selected for funding in 2022 and they wanted us to attend like 4 calls a week and tell them about our every eye blink. Luckily, we managed to get out of this before they wired the money.
It's relatively small amount, yes, but you have to bear in mind these startups wouldn't have existed otherwise. Same issue as equity amount for co-founder.
They micromanage like crazy. I was selected for funding in 2022 and they wanted us to attend like 4 calls a week and tell them about our every eye blink. Luckily, we managed to get out of this before they wired the money.
From my cohort I heard they were less involved. To be fair it was early stages so I'd assume they changed a fair amount since then.
I hear they take a large chunk of your company for a very small investment.
It's relatively small amount, yes, but you have to bear in mind these startups wouldn't have existed otherwise. Same issue as equity amount for co-founder.