Demetrius Gray: $75,000 startup grant required spending $75,000 upfront for reimbursement
Demetrius Gray · #99 The Friends & Family Gap · Mar 3, 2025 · at 17:37
Demetrius Gray, founder of WeatherCheck, explains why winning non-dilutive grant capital did not immediately solve his early cash flow problems.
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“But it was paid when paid. Meaning that you won the grant, but you had to spend 75,000 dollars to get the benefit of the 75,000. Yep. So it didn't really solve anything for us. We just had it.”
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