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In Canada most startup founders won't be able to score a deal like the one you offer. I really applaud your approach and willingness to fund companies all over the world. I was expecting this to be a US-only thing. I was pleasantly surprised.

We already invested in Pakistan too ;-) so nope, it's for everyone ;-)

Which market? You mean the worldwide market. If I had to guess, I'd say you are probably 60% EU + Russia, 10% Israel, 10% US, 20% other. Certain things might make sense in other places that don't make sense in the US.

You can't imagine how most US startups will be happy to get that deal. There are thousands of startups trying to get funding desperately in the US too There are also founders who are not interested to lose their time by pitching many VCs...and prefer to get that term in 15 days instead of better terms in 5 months...

Thanks for explaining. These deals are such an opaque market that first time entrepreneurs have no idea what is good and what is bad.