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They funded people who could build but had no ideas themselves. The entire batch was a dud. Not people who had basic ideas and wanted funding.


www.joinef.com [entrepreneur first] has been wildly successful with this model since 2012. They pool together founders pre-idea a couple times a year and have them start companies together in batches. If you get investment I believe the deal is 80,000 GBP for 10% - aggressive deal but worth it considering their network.


https://antler.co has a similar model




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