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morpheus is now accepting applications for the second batch of 2008. It will take place September through December 2008.
- To apply, please download the application form , fill up all the information and e-mail it to neo@morpheusventure.com . Last date for submission is 5 August 2008. Teams that submit early have an advantage because we have more time to read the applications.
- We'll review applications as they come in and set-up a 2 weeks interaction with shortlisted companies. This will also include face-to-face interaction.
- We'll select 5 companies to work with by August 20 , and will also decide the amount of equity we will take. Equity will be between 4% and 8% of the company. The median will be 6%.
- Once we communicate our offer to you, your team will have ONE day to make the decision to accept or decline the offer.
- morpheus is not an incubator. We have some space you can use if you need to, but we expect you to work out of your office/appartment/garage. It's the ideal setup for the initial phase.
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We have built a panel of Subject matter experts with varied expertise and experiences, who will be available to work with the morpheus companies either on a one-off basis or for a longer advisory role, with specific timelines/deliverables built in.
- During the 2 weeks evaluation period, morpheus will engage in detailed discussions about the strategy, vision of the team, the product that will be / is getting built, product roadmap, timelines and the market potential.
- During the discussion period, morpheus expects that you evaluate the morpheus team, the value they bring to the table, the fit between your team and morpheus and send out any questions/ queries/concerns that you may have.
Note: We strongly encourage you to talk to Founders of other companies we have closely worked with. We will be happy to share their contact information with you.
- There is absolutely no monitory fee that morpheus charges from the startups it works with. We are willing to wait, the long haul, for 4-7 years – the timeframe a startup may need to reach exit point.
- morpheus does not invest money in ventures at this point in time.
- We encourage you to ask the founders of other morpheus companies for help. There will be about 20 of them starting September, and they're usually very willing to give advice or make introductions.
- About 3.5 months into the program morpheus will organize an one day event where you can present to investors. You can of course seek additional funding from any investor whenever you want.
- morpheus program doesn't end after four months. We will continue to provide advice and make introductions as long as founders need and so does the informal network of morpheus companies.
How do we choose who to work with? The people in your team are the most important aspect. We look for intelligence, passion, motivation, a sense of design and the attitude where teams refuse to fail.
The ideal company would have two or three founders. We'll consider those with four or five.
You dont need to have a formal business plan. Just fill the application form with sufficient information.
The original motivation to start morpheus was to work with startups and provide required advice, introductions, etc. but this is not a charity. If startups we work with become successful we will be able to work with more startups in coming months, if they dont, we wont be able to keep doing this indefinately. So we are looking for startups that will be successful.
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