Alas, this is the case with many arab incubators. They fund the entrepreneurs, they take the majority of the stake in the company, they de-risk the whole venture and treat people like employees. What ends up happening is a lot of founders stop caring about "their" startup and leave. It has a lot to do with the culture. You need to be able to trust people to run this kind of business.
Hi, we are really not like other accelerators, our deal is standard, 20K for 8%. We do our part for the 8% he has to do his for the 92%! anyway, here is our statement in response. hope.ly/1BLIuRz
Alas, this is the case with many arab incubators. They fund the entrepreneurs, they take the majority of the stake in the company, they de-risk the whole venture and treat people like employees. What ends up happening is a lot of founders stop caring about "their" startup and leave. It has a lot to do with the culture. You need to be able to trust people to run this kind of business.