Patrick, you have some very good points. However I still think it's a good thing to have a startup weekend being organized in SD. It might not result in a great startup making millions but it can be a good experience and an occasion to meet new people.
But yeah, the whole 50% shared between the creators really doesn't look good. -Matt On 3/26/08, Patrick Crowley <[EMAIL PROTECTED]> wrote: > > > Personally, I think Startup Weekend is a bad idea. > > (1) Starting a company with a group of strangers is problematic. > > (2) Too many cooks. You only need a few people to build a web app. > The head count at these events is way too high. (Up to 70 people, in > some cases.) > > (3) If you read the fine print, participants receive a maximum of 50% > of the created company. In other words, you're giving away half of > your company to the Startup Weekend folk. > > (4) There don't seem to be any real success stories so far. > > ... > > Creating web applications in a weekend is cool, no doubt. So skip the > "company" part and just make an app with a group of friends! > > -- Patrick > > > > On Mar 26, 2008, at 4:09 pm, Matt Aimonetti wrote: > > > That's if you help and vote for our town: http://startupweekend.com/ > > cityvote/ > > > > -Matt > > > > > --~--~---------~--~----~------------~-------~--~----~ SD Ruby mailing list [email protected] http://groups.google.com/group/sdruby -~----------~----~----~----~------~----~------~--~---
