It's pretty good for two founders in the earliest stages (e.g. only a rough idea of what they want to build). It's not so attractive for startups that already have a prototype and a couple of customers.
We have a prototype and a couple of customers and still think this is a good deal. It would let us go from pure bootstrap mode (chasing money in any form) to longer-term thinking.
Can you expand on why that is the case? If your runway is running out and taking a loss on operating costs is not an option how can it be better to just fold it?
All the projects submitted to Kima15 since the launch 3 hours ago are more than a prototype.
Real products with customers already...