With the success of Y Combinator and TechStars, several accelerators have popped up everywhere. Some have done quite well. Here in Dallas,Tech Wildcatters had a strong class recently and is poised to be around for awhile. They key for each is good programming and good accelerator mentors. But this morning I read
TechWildcatters is a mentorship-driven microseed fund and startup accelerator that just launched in Dallas, Texas. TechWildcatters is now accepting applications for their first 12-week accelerator “bootcamp” and 20 startup teams will have the opportunity to pitch on March 11, 2010. The first program begins April 5, 2010. The selected startups
Convertible promissory notes do not include a stated pre-money valuation. Instead, the convertible note seed investor and startup agree that the pre-money valuation for the convertible note investment will be determined by the pre-money valuation the startup receives at the Series A round. However, the convertible note investor does not
Convertible debt is a type of security frequently issued by startups when raising capital in their seed round. With convertible debt, the startup issues the seed investor a promissory note, for the investment amount, that contains a conversion feature. The conversion feature is the mechanism by which the debt (the
