Hi, just got an offer from accelator for our idea/project accelaration and Im quite dumb about how things work in financial side of things. Will we owe them 20k pre-seed capital if in case something bad happens and we fail? How its usually handled? Thanks! *its 15% equity deal I know it depends HUGELY on terms, but how does it generally happen among accelerators?
Financial side of a start-up varies depending on the industry. Nobody can draw a similarity between two start-ups which have failed in terms of financial situation. I believe this link will provide you with sufficient guidance in the matters of financial side of things: https://www.svb.com/blogs/james-wilson/startup-shutdown-when-fails
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
Answered 3 years ago
Access 20,000+ Startup Experts, 650+ masterclass videos, 1,000+ in-depth guides, and all the software tools you need to launch and grow quickly.
Already a member? Sign in