Microcosm - 2nd Seedrs crowd-funding round

Incidentally we entered that, mostly because entering doesn't mean we have to sign on the dotted line at the end, and not entering certainly means we can't.

I think both companies and investors have reasons to be concerned about the Million Pound Startup, and it all boils down to this: "Who is picking the winner?".

As an investor, you'd put your money in MPS if you believed that the people selecting the winner were smarter than you, experienced, with great foresight.

As a company, you'd want to win the MPS if you believed that it ultimately improved your chances overall. The money by itself is important but not as critical as people imagine, at that level (effectively a decent sized Series A) you're looking for what the investor brings to the table in non-money terms. Such as opening doors to customers or partnerships, future investment possibilities, experience and guidance, etc.

The big unanswered question is whether those selecting the winner know what they're doing, and if so... will they still be around later on to help support the winner in realising the identified potential.

We entered because whilst that question remains unanswered there's a chance that it might be answered in a great way.

PS: Seedrs are probably now reading this with interest. Or should be.

This was my thought exactly. But because it's an innovative approach, and quite fun, I thought I'd put a tenner in. Just out of curiosity and to follow the process, really.