Openfund Accelerator Is a Scam with Fake Investment Opportunities that Will Lie to your Cofounders about your Own Business Greece Internet

 The Openfund Accelerator / Seed Fund / Venture Capital is a scam.

First, there are NUMEROUS requirements to be approved for an investment that they do not list at all prior to your application. You'll never know what they are. For us, it was because our business is not in Greece. Did you know that's a requirement? Probably not, because they don't say so.

What they're doing here is simple: get a TON of applications from all over the world so that they can show how "selective" they are. But in fact, they're skewing the numbers. The time you will waste on applying will only serve for them to say they accept 1% of applicants instead of, say, 2%.

Worse yet, once they do refuse you because you're not in Greece, they will email each of your cofounders and tell lies about your own business. They will say a few things: first, that you're refused because you're not in Greece, and then, a list of COMPLETELY MADE UP flaws about your business to each of your cofounders.

Good luck maintaining morale after that.

Some lies that they will say include: what's wrong with your business, you (the main founder), your product, your industry, etc. But it is absolutely created out of thin air. In fact, they did not review your application.

DO NOT APPLY to this "fund," and make sure to tell any other entrepreneurs you know about this scam.