Lürling: Lumo Labs takes a 30% equity stake in startups
Andy Lürling · EP 604: Lumo Accelerator Invests $150k in VRee To Give You Full Body Virtual Reality Experiences with CEO Andy Lurling · Mar 20, 2017 · at 2:49
Andy Lürling, founding partner of Dutch accelerator Lumo Labs, explains their hands-on model and equity terms for pre-seed VR, AR, and IoT startups.
0:00 / 0:14exact quote · 14.2s
720p mp4 · rendered on demand · StarZero watermark
“We've taken a substantial part as it is, we are really talking about early States companies, which either only have a demo or not even a demo. We take 30% off the shares.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Andy Lürling
Lürling acts as CEO for two of Lumo Labs' portfolio companies
“I totally understand, and that's more or less also what I do in, in at this .2 of the three companies we invest in, where I currently are the chief executive officer.
[363] Nathan Latka: This is Willow VR studios free and bike clip, right?
[367] Andy Lürling: …”