Review on Boost VC by Olugbenga Ajayi
Boost CV gives founders in Sci-fi environment equal opportunity
Boost VC is an accelerator project based in San Mateo, California, USA. It was established since 2011 and it is an accelerator project that targets founders with unique and extra ordinary scientific fictional inspiration with digital tech which can be mentored to become a great company.
Boost VC so much believe that funding and mentorship is essential to the development of human talents with Sci-fi talents. It believes that there are many fouders out there that are in need of mentorship. Theae founders can be brought into Boost VC communities of founders with unique visoins and inspirations which can be developed into innovation that will evolve the world through their sci-fi talents which will be sold to the large market of millions of individual with passion for scientific fiction books, movies and comic books and as a result make trillions of dollars.
Boost VC run its mentorship programme twice a year and each run for 3 months during which founders will get access to all Boost VC resources, get legal support, access loan up to 500,000 dollars only for 15% equity.
Boost VC is better in terms of the amount of accessible fund compared to 100,000 dollars offered by some accelerators. But if we consider the equity required, 15% is rather too high knowing that most require only 5%, It is alsi noteworthy that Boost VC has successfully mentored over 242 startups across more than 30 countries.
Pros
- It has been around for about a decade now and has maintained a consistent presence in the industry
- It has supported and mentored over 240 startup
- Founders have access to all Boost VC resources with legal support
Cons
- The equity required is above the usual 5% in thr industry
