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September 5, 2013 05:24 pm GMT
Ali Rehan and his university cohorts had just won Pakistan's inaugural Startup Weekend hackathon when they decided to quit their PhD research project to build a photography app. Weeks later they were offered a $100,000 investment for 60 percent equity in Eyedeus, as their fledgling startup is called. The money on its own was a tantalising offer in Pakistan's nascent ecosystem, but it would mean ceding control from a very early point.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/9Z5ctHvv4dI/
Pakistan Government-Backed Incubator Seeds Local Investor Appetite
Ali Rehan and his university cohorts had just won Pakistan's inaugural Startup Weekend hackathon when they decided to quit their PhD research project to build a photography app. Weeks later they were offered a $100,000 investment for 60 percent equity in Eyedeus, as their fledgling startup is called. The money on its own was a tantalising offer in Pakistan's nascent ecosystem, but it would mean ceding control from a very early point.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/9Z5ctHvv4dI/
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