Investment -- at last

06/03/12 16:10 / Filed Under News / 0 Comments

The paperwork formalizing the S$15k pre-seed investment that JFDI.Asia puts into every startup on the JFDI-Innov8 2012 bootcamp took a while, but we got there in the end.

Here, team Flocations prepare to freak out the tellers at DBS with a giant cheque, specially formulated to meet a startup company's needs. If not cashed, it can be used as a tent in times of tropical downpour, rolled up and used to propel explosively charged mangoes over ten miles, or cut and stitched to form a three-piece suit.

For those interested in the technicalities: JFDI takes a warrant over stock in each startup rather than actual equity on day 1, to avoid the need for audit and reporting that would otherwise be required.

 
Are you currently thinking about founding a startup? Do you have an idea you think is worth pursuing? Do you need some guidance? Discuss your startup with us and find out how JFDI can help!
 

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