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Rajan Paswan

LostBird :) • 4d

Let's try to understand this scenario — For educational purpose. so, Medial launched startup showcase a year ago with highest prices amount and since than than it has gradually seen decline. What was the purpose? • For Users: It was a feature to s

Sayak Gupta

Building @lemmino • 3d

To solve this simply winners can be put in a contract that they will receive 50% tranche immediately after incorporating a company. But for this at least ₹50,000 should be there

Rajan Paswan

LostBird :) • 3d

what you are suggesting has few concerns. firstly, even incorporating a company doesn't guarantee anything on itself. also with incorporation, there more compliance will come which could cost unnecessarily in early stage of startup. secondly, to fully bind individual with legal obligations of forming company with this showcase will create tension between participants and it will be unnecessary hassle for the Medial company aswell.

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Sayak Gupta

Building @lemmino • 3d

I suggested because most pitch competition and grants put this in contract. Even my startup initiated because of this😂

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