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They are not taking equity, looks more like a consulting firm.

"we don't invest capital" @ http://portlandten.wordpress.com/about/

"Portland Ten is a Y-Combinator-like incubator for high tech startups in Portland, Oregon, with one caveat– we don’t invest capital; we train entrepreneurs to get things done without it, and attract the necessary funds or resources as a result."

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That's a rather big caveat. I wonder how they train people not to eat.

Meditation! I hear some Indian Yogi don't eat for months.

But seriously, they're getting very little for this "tuition." Unless they have Bill Gates, Vinod Khosla or Marc Andreessen mentoring them, I wouldn't pay a dime.

$500 a month isn't bad if it's going to pay for lunch, books, field trips, and group work space.

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