Programme FAQs

I’m not based in Auckland. Can I still participate in the programme?

Absolutely. Although we’d prefer you to be in Auckland, if we like your idea, there’s no reason we can’t make it work! Requests for remote participation will be addressed on a case-by-case basis. We encourage mainly New Zealand based applicants, but are open to reviewing applications from overseas.

Why does Centrality take 20% equity?

Unlike other accelerators and incubators, the goal of Centrality Ventures isn’t to help you develop an idea to pitch to investors; we are the investors, which is why we offer such a large seed investment rather than pre-seed funding. Our goal is to help you to develop your business with a view to integrating with Centrality’s extensive app ecosystem.

Will I be able to retain control of business decisions if I sell 20% of my business?

There is a narrative in the startup space that equity investment can distract a venture from its original mission and threaten the founders’ control over their vision. While this stereotype has some basis in reality, Centrality Ventures is not a traditional VC. Our goal is to partner with your business, rather than run it for you. As investors, of course we have an interest in ensuring your business’ success. However, we have no interest in telling you how to run your business, or what decisions you can make. We’re so focused on building our own business, we don’t have time to tell you how to run yours!


Can I negotiate a different deal?

All of our Centrality Ventures residents will get the same deal of NZD $100,000 (in ETH) for 20% equity. However, we are also open to partnering with more mature companies which don’t require funding (or are already partially funded). We’re very flexible, so don’t be deterred from applying if you don’t exactly fit our criteria. 


Any other questions? 

Programme FAQs

I’m not based in Auckland. Can I still participate in the programme?

Absolutely. Although we’d prefer you to be in Auckland, if we like your idea, there’s no reason we can’t make it work! Requests for remote participation will be addressed on a case-by-case basis. We encourage mainly New Zealand based applicants, but are open to reviewing applications from overseas.

Why does Centrality take 20% equity?

Unlike other accelerators and incubators, the goal of Centrality Ventures isn’t to help you develop an idea to pitch to investors; we are the investors, which is why we offer such a large seed investment rather than pre-seed funding. Our goal is to help you to develop your business with a view to integrating with Centrality’s extensive app ecosystem.

Will I be able to retain control of business decisions if I sell 20% of my business?

There is a narrative in the startup space that equity investment can distract a venture from its original mission and threaten the founders’ control over their vision. While this stereotype has some basis in reality, Centrality Ventures is not a traditional VC. Our goal is to partner with your business, rather than run it for you. As investors, of course we have an interest in ensuring your business’ success. However, we have no interest in telling you how to run your business, or what decisions you can make. We’re so focused on building our own business, we don’t have time to tell you how to run yours!

Can I negotiate a different deal?

All of our Centrality Ventures residents will get the same deal of NZD $100,000 (in ETH) for 20% equity. However, we are also open to partnering with more mature companies which don’t require funding (or are already partially funded). We’re very flexible, so don’t be deterred from applying if you don’t exactly fit our criteria.

 

Any other questions? 

Developing a peer to peer marketplace.