Seed Program at Spark Capital
Spark Capital has launched a seed program for entrepreneurs called Start at Spark and will fund a convertible loan up to $250,000 bucks (converted to equity at a 20% discount in the second round of funding).
This is very similar to the CRV start program at Charles River I touched on a couple years ago. It’s great to see quality Venture Capital going after early stage startups especially in these economic times. Spark Capital is headed by Todd Dagres somone I’ve always admired and spoke to from time to time when I was a producer at Scout in Boston. Thefunded has rated Spark a 3.3 out of 5 with most entrepreneurs generally pleased with the pitching process and the associates there.
So what are you waiting for…get your apps in to Start@Spark