Frequently Asked QuestionsGeneralWhy should I apply?Who should apply?Do I need investment experience?What is the time commitment?Who manages legal and back-office for the funds?Is Powerset a scout program?Can I invest my own money in the fund?Are there any fees or costs I should know about?ApplicationWhen is the application deadline?How many founders will be selected?What is the process after I apply?Do I need to be an accredited investor?When can I expect to hear back on my candidacy?If I am not selected, can I apply again?Where are interviews taking place?When does the program officially start?InvestingHow much capital do I receive?What do I earn on the fund?What kind of companies should I invest in?How much control do I have over investments?Can I take advisor shares in portfolio companies?ProgramWhat am I agreeing to by joining Powerset?What is the curriculum?Will I meet the other founders in Powerset?Will I learn what other founders invest in?Will my participation in Powerset be publicly disclosed?Will my investments with Powerset be publicly disclosed?How will I know if I have qualified for follow-on funding?
