Iconomi will have 10% ownership in cofund.it
No investment in cofund.it will come from Iconomi.
...
The 10% given back to Iconomi is just a great bonus.
Positivity at every turn huh? I've worked with many emerging companies in the
actual Silicon valley, so here's some obvious observations about "Silicon Valley for the Digital Age."
Iconomi has absolutely invested in Cofound.it. Iconomi paid Jan and Daniel for 6 months and spent whatever amount of resources they used, to work on a mentoring program. Jan and Daniel came up with IP during their time at Iconomi, which belongs to iconomi, that will now be going to Cofound.it.
Look at Cofound.it's announcement:
Over the last few months we have engaged with over 30 teams, selecting the best to showcase on Cofound.it in the coming weeks.
Finally, how much ICN are Jan and Daniel taking with themselves personally? This is ICN that will no longer be available to entice future team members. Edit: Jan indicated to me on Reddit that both he and Daniel only have ICN that they've bought on the open market.
It feels to me that the 10% is the absolute minimum that they could get away with and still try to sell this as a "spin-off." In reality though, you don't ever "spin-off" what is essentially a start-up. And under the circumstances, anything under 50% feels like a ripoff.
10% isn't a "bonus." It's likely an underpayment.