Summer Job vs. Summer Seed Funding
"The first project [Summer Founders Program] is to fund a bunch of new startups this summer... We're going to call this project the Summer Founders Program, and it preserves many of the features of a conventional summer job. You have to move here (Cambridge) for the summer, as with a regular summer job.
We give you enough money to live on for a summer, as with a regular summer job. You get to work on real problems, as you would in a good summer job. But instead of working for an existing company, you'll be working for your own; instead showing up at some office building at 9 AM, you can work when and where you like; and instead of salary, the money you get will be seed funding."
Via this post from Marshall Brain.
