I have a question and maybe you know Cathal or maybe Jacob could answer. $35k is obviously not enough to start a company and and to pay a team of highly skilled individuals to live in SF for a period of months.
If I were doing an incubator trying to attract Biotech people, if they were any good, I would expect that they would have a job already. If you have 3 people on a team for 3 months that's ~$3k per person per month and nothing left over. For instance, I live in the SF area and my rent is $1500/month and my apartment is not big enough for a team to live in. I could not live off of the $1500 left over based on my expenses.
What are the expectations? Do they expect everyone from a team to be working full-time on this project?
Kevin, I would be interested to hear what you have to say about the "incubator".
-- If I were doing an incubator trying to attract Biotech people, if they were any good, I would expect that they would have a job already. If you have 3 people on a team for 3 months that's ~$3k per person per month and nothing left over. For instance, I live in the SF area and my rent is $1500/month and my apartment is not big enough for a team to live in. I could not live off of the $1500 left over based on my expenses.
What are the expectations? Do they expect everyone from a team to be working full-time on this project?
Kevin, I would be interested to hear what you have to say about the "incubator".
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