More Great News for NYC’s Startup Ecosystem: NYC SeedStart

Congrats to Owen Davis and everyone else involved for launching NYC SeedStart 2010.  I have long argued that there is no such thing as too much seed capital and SeedStart is a terrific addition.  It is amazing that until now New York City did not have such a program, given the success of YCombinator, TechStars, Dreamit, Launchbox, SeedCamp, FBFund Rev and others.  I am also thrilled to see that NYC SeedStart has adopted a simple financing model - $20,000/team for 5% of the company.  Now very much looking forward to the first crop of companies!