-
Website
http://venturebeat.com/ -
Original page
http://entrepreneur.venturebeat.com/2009/09/02/foodspotting-lets-you-find-the-foods-you-love-not-just-the-restaurants/ -
Subscribe
All Comments -
Community
-
-
Top Commenters
-
Popular Threads
VentureBeat: Foodspotting lets you find the foods you love — not just the restaurants
-
Rich · 3 months agoMaybe I'm missing something, but why in the world would any self-respecting entrepreneur give up ownership in her company for a mere $5,000? (Especially given that the article mentions that she is "a developer working on her own time", i.e. does not need to pay a developer but can do the work herself...) ?
-
Avichal Garg · 3 months agoThe terms could be favorable...it could be some sort of convertible debt for example. Seed funding just implies that it's funding to get the product built, not necessarily that there was equity that changed hands. That $5000 could be used for things like hosting costs or get a designer without much up front risk if it's convertible debt.
-
blacklava · 3 months agoThey didn't give away the entire company. Just part of it. How much? That's unknown. Also, they won free office space at sfCube - sfcube.com - an incubator in San Francisco.
