You're basically obliged to let them invest in you if they want to and you are raising an institutional round, and if you do this program and they don't invest in you that is a strong negative signal that will leave you basically incapable of raising institutional investment.

But free money is free money, if you get into this, do it in a heartbeat.

Not true at all. I was an intern with Indinero when they went through this program and its purpose is for Lightspeed to get to know young entrepreneurs and improve university relations.

Not true. There was no binding obligation whatsoever.

It honestly is a great way for them to learn about what's going on out there and meet some up-and-coming entrepreneurs. Whether it is this company or the next, it gives them a chance to build a relationship with great founders.