For those who may not be familiar with Draper University—and I suspect that includes most of you—there are concerning reports circulating about this program. 

This Reddit thread highlights the experiences of former participants, many of whom are questioning the value of what they paid for: https://www.reddit.com/r/ASU/comments/8clfow/does_anyone_know_anything_about_draper_university/

I strongly recommend everyone review these insights and think critically about the program's promises versus what it actually delivers.

Additionally, the institution is owned by Tim Draper, a billionaire venture capitalist with a controversial reputation that can easily fund this himself, without bringing unnecessary drama to the Polkadot ecosystem: https://www.usatoday.com/story/tech/2018/06/13/california-three-states-ballot-tim-draper-interview-usa-today/699185002/

You are asking for far too much money for an unproven service with a sketchy reputation, relatively lackluster following, and no solid plan for adoption post-funding.

This is a HARD NO from me. 

Hmmm. I just saw that you also submitted a [proposal at the Cardano ecosystem](https://cardano.ideascale.com/c/cardano/idea/134411).. 
Here my questions on your Cardano proposal, and would ask you actually the same question for your proposal here at polkadot
![image.png](https://subsquare.infura-ipfs.io/ipfs/QmNVBrzEkD3LFrj7rHLP6BoBUT8Xbbjm5DWkszgAwuwVTH)


assetKind

amount

beneficiary

validFrom

Rejected

Submitted

DecisionStarted

DecisionDepositPlaced

medium_spender

Draper University proposes a pre-accelerator program to attract and develop startups building on the Polkadot ecosystem. The program includes a residency at Draper University in Silicon Valley, resources, education, capital, and network. The requested allocation is USDC $438,600, including $150k in grant funding for startups. The program will last for 6 weeks and target high-growth/potential startups building across Web3 in AI, real-world assets, and gaming. The program aims to accelerate the growth of startups, provide access to venture capital, and create awareness for the Polkadot chain.

root

whitelisted_caller

wish_for_change

staking_admin

treasurer

lease_admin

fellowship_admin

general_admin

auction_admin

referendum_canceller

referendum_killer

small_tipper

big_tipper

small_spender

big_spender

Origin able to dispatch a whitelisted call.

Origin for signaling that the network wishes for some change

Origin able to cancel slashes and manage minimum commission.

Origin for spending up to 10,000,000 DOT from the treasury as well as generally administering it.

Origin for managing the composition of the fellowship.

Origin able to spend around 250 DOT from the treasury at once.

Origin able to spend around 1,000 DOT from the treasury at once.

Origin able to spend around 10,000 DOT from the treasury at once.

Origin able to spend around 100,000 DOT from the treasury at once.

Origin able to spend up to 1,000,000 DOT from the treasury at once.

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