Startup Weekend HNL – GSB 2014 Follow Up / Major Announcement
This post originally appeared on blog.up.co
Aloha Startup Weekend HNL Peeps!
It has officially been two weeks since our awesome weekend and there is still buzz going around about the event. Just to update everyone on the MAJOR announcement from Darius "Bubs" Monsef. He is still paying close attention to the 12 teams that pitched Sunday night as he is looking to make the $25K investment. To learn more about this opportunity please see the quote below:
"In an effort to support the local startup community and to motivate the SWHNL teams to keep hustling after the weekend, I and Seraph Group (SeraphGroup.net) will give one of the SWHNL teams a $25k investment term sheet on Dec 16th. The term sheet will go to the team that shows the most traction in the 30 days post SWHNL. Traction will vary depending on the company, but generally it will be measured by the growth in user acquisition, product development & revenue. The investment terms that will be offered will be comparable to typical tech accelerators. In order to receive the term sheet the company will be required to have incorporated as a C-Corp and have a company bank account."
For additional information or would like to reach out to Bubs personally please email firstname.lastname@example.org.
GET SHT DONE #SWHNL