It’s a popular question today, after both Techcrunch and Mashable covered the launch of The New Platforms Fund, which will invest between $1000-$3000 in 10 ideas (plus human support), in exchange for a minor equity stake.
Techcrunch was pretty disparaging about the idea (headline: If you are really, really desperate for cash, these guys will give you $3k) Mashable’s take was a bit more open about the diea.
If you want to apply, the form is here.
But what is quite interesting is the debate in the TC comments around how much this could actually fund – obviously it’s not enough to pay for a team of developers for a year, but could it help 1 or 2-person start-ups just out of college to spend a month or two on one idea?
Or, given the current state of the economy and job market, could it be enough to make the mortgage payment for a month whilst you try something different? Or to get the services of a developer or designer for a week or two to make a simple concept into reality?
After all, Stocktwits got more funding after just two months.
But do you think $1-3k is enough to get something started? And is it worth giving up some equity in order to reach another round of funding?