First, what does Lightbank offer to your business? Do they have network connections that will actually help you? Do they have mentorship which actually fits your problem domain? Do they have customer connections for your first market tests?
Second, what do you need the money for? What do you need to spend it on? That will barely pay for a fulltime engineer and a saleperson, including healthcare and excluding salaries for the founders.
~$40K in equity-free seed funding, and all you have to do is be part of their community for a few months/a year. It's basically a paid vacation to try and be a startup.
First, what does Lightbank offer to your business? Do they have network connections that will actually help you? Do they have mentorship which actually fits your problem domain? Do they have customer connections for your first market tests?
Second, what do you need the money for? What do you need to spend it on? That will barely pay for a fulltime engineer and a saleperson, including healthcare and excluding salaries for the founders.
EDIT:
Why not check out Startup Chile: http://startupchile.org/about/the-program/
~$40K in equity-free seed funding, and all you have to do is be part of their community for a few months/a year. It's basically a paid vacation to try and be a startup.