got into techstars web3 accelerator
got a great vibe from them but the terms aren’t ideal
anyone here have experience with them?
would recommend/would not

what are the terms if you dont mind me asking

metropolis dao lead @tributelabs | $cloudy sloptimist

Standard for every accepted startup.
20k for 6% equity.
Optional 100k convertible note, 20% discount or 3M cap on conversion

founder @ paperchain.com. smoker's club. always was, always will be aboriginal land.

In my experience, worth it.
They do have money back option if you're really not happy with it.

I can see how it would still be valuable if you were a technical founder and didn't actually need runway for development, but otherwise what are you even supposed to do with 20k? buy some office furniture?