LoveYourLarder, which soft-launched late last year, is pitching itself as an “Etsy-for-foodies”. It’s an apt reference since the site offers users a way to discover and buy hard-to-find ingredients or “artisan” food and drink from independent producers in the UK.
Citing a change in the “political landscape”, The Difference Engine, a publicly-funded Ycombinator-style acceleration programme for early-stage tech businesses, is making cuts to its investment budget.
As a result, they’ve reduced the overall funding from £20k per team to £5k for the idea plus £3,200 per founder (max 3 founders) for which they have also reduced the shareholding from 8% to 6%. → Read More
The Difference Engine is shaping up to be the kind of raw, Web 2.0 incubator the UK has lacked for some time.
Whereas Seedcamp tends to take more fully formed early stage startups on, The Difference Engine is closer to having a hacker mentality.
When you want to just go and build a product, this might be the kind of programme that appeals.
Word on the street is that the programme is sidling up… → Read More