Initial thoughts: not disruptive enough to justify the extremely low valuation. How are you different from a reputable angel investor, who also brings connections? $5000 lasts about a month in NYC or the Bay Area.
I like the ambition (of disrupting the funding process) but, in all honesty, to me this sounds like "I just need an idea guy" (as opposed to "I just need a programmer").
Or even in those places, if you're in high school or college, have some skills and an idea, this could be an attractive alternative to looking for a summer job.
I like the ambition (of disrupting the funding process) but, in all honesty, to me this sounds like "I just need an idea guy" (as opposed to "I just need a programmer").