i dont really know where you got that aquisition idea from, but thats not what they want to do. The core message is that they want to help Hackers build a business, without them needing to worry too much about setting up the business and giving them good advice over the course of a year. Problems/Changes etc are discussed in quarterly meetings, foudners get high quality feedback and can work on their product.
The goal is still getting another round of financing if the concept proves to be successfull but with that amount of money some startups will even have the chance to walk on their own without further funding.
I dont see whats wrong with that, and i also dont see much difference with Angel investing for example. In fact many successfull angel investors work together with their early stage startups to make them succeed, thats exactly what HackFwd does, just on a bigger scale. If you need more funding, they will prepare you for that, if not, fine.
Potential startups still have to have a good prototype, have to deliver a good pitch and ultimately get accepted which is how it works for any other investment vehicle basically. It is much harder to get early stage funding in Europe, so the existence of companies like HackFwd is a great thing for the tech economy imo.
I dont see whats wrong with that, and i also dont see much difference with Angel investing for example. In fact many successfull angel investors work together with their early stage startups to make them succeed, thats exactly what HackFwd does, just on a bigger scale. If you need more funding, they will prepare you for that, if not, fine.
Potential startups still have to have a good prototype, have to deliver a good pitch and ultimately get accepted which is how it works for any other investment vehicle basically. It is much harder to get early stage funding in Europe, so the existence of companies like HackFwd is a great thing for the tech economy imo.