"It’s worth pointing out also that the slight ambiguity of past Seedcamp years has now gone. Seedcamp T&Cs now state that a startup cannot go into the programme unless they will take the investment offered. To remind you, that’s 5-10% equity (stakes are flexible) for a 50,000 Euro investment. That’s totally fine. They’ve assembled an awesome network of mentors. It would be a huge waste of everyone’s time if a startup got all that great advice and then effectively threw it back in the faces of the organisers and didn’t take the investment."
WTF?
I read that as saying teams have to take investment if offered? Is that even legal? But why should "I just decided not to take investment" be " throwing it back in the faces of the organizers"?
Shouldn't each party enter a transaction because they think it is a good thing at the point of transacting? This looks like it is possible for a team to be saddled with investors they don't like.
( I could be completely off base. Please correct me. Thanks in advance)