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Britain’s Oxygen Accelerator Hopes To Breathe Life Into Startups

12 points| kanny96 | 15 years ago |gigaom.com | reply

5 comments

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[+] hugh3|15 years ago|reply
I learned something today. I learned that Birmingham was Britain's second-largest city.

Anyway, best of luck to these dudes. There's certainly more than enough success to go around. Why Birmingham? Why not?

PS. Is there a YC-clone in Australia yet? Does anyone want to lend me a couple of million to start one? :)

[+] JacobAldridge|15 years ago|reply
Startmate launched not that long ago - I'm out of the Aus scene these days, so not sure how it's going. I reckon you need the mentors more than the millions - and indeed, if you could get the mentors then the money would likely follow from somewhere.

I'm off to Birmingham for a weekend at the end of this month. I shall now delight in knowing that it's the size of ... Brisbane.

[+] dmix|15 years ago|reply
20k loan for 6% and the founder has no software experience?

Doesn't sound that appealing to be honest.

[+] fredoliveira|15 years ago|reply
I hate a me-too comment just as much as everyone else, but people need to read this before getting tricked (perhaps not on purpose, but by not noticing it's a loan they're getting into). I know these guys want to help as many companies as they can (actually, i hope that's the reason), but 6% for a loan sounds like a bad deal unless the mentorship/advice/connections they're getting it are extremely valuable.