Just discovered thanks to Sam Rose through his update on Bank & Finance Watch, that a british initiative - Seedcamp – targets replication of the success Y-Combinator has had in the US. Selection will happen in September for a full week in London. Principle is quite simple, 20 projects will be nominated and 5 offered a €50k for a 10% ownership of the company to be formed as a consequence (i.e a €450k pre-money valuation for the wining projects).
I really wish all the success to this initiative and would like to emphasize the opportunity for entrepreneurs accross EMEA. I can’t wait to read the reports of this first event and would like to see it as a forerunner for all P2PVenture initiatives throughout Europe and the whole world.
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