Comments on: Why startups shouldn't have to pay to pitch angel investors http://calacanis.com/2009/10/09/why-startups-shouldnt-have-to-pay-to-pitch-angel-investors/ Just another WordPress site Wed, 10 Nov 2010 14:11:11 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Chris Sciora http://calacanis.com/2009/10/09/why-startups-shouldnt-have-to-pay-to-pitch-angel-investors/#comment-4347 Chris Sciora Tue, 14 Sep 2010 20:36:47 +0000 http://calacanis.com/?p=4660#comment-4347 The biggest problem behind pay-for-play is the *complete* lack of transparency in results from the groups collecting money. Provide four key stats and I'd personally have far less objection to the practice. 1. How many pitches have they heard? 2. How many deals were funded? 3. Breakdown of investments by size 4. What's the average funding timeframe from pitch to depositing the cash? The truth is *very* few deals get angel funding. At least tell us the odds. The biggest problem behind pay-for-play is the *complete* lack of transparency
in results from the groups collecting money. Provide four key stats and I’d personally
have far less objection to the practice.

1. How many pitches have they heard?
2. How many deals were funded?
3. Breakdown of investments by size
4. What’s the average funding timeframe from pitch to depositing the cash?

The truth is *very* few deals get angel funding. At least tell us the odds.

]]> By: Fight When it’s Time to Fight. Be Gracious When It’s Time to Give In. | CloudAve http://calacanis.com/2009/10/09/why-startups-shouldnt-have-to-pay-to-pitch-angel-investors/#comment-4344 Fight When it’s Time to Fight. Be Gracious When It’s Time to Give In. | CloudAve Fri, 27 Aug 2010 10:41:37 +0000 http://calacanis.com/?p=4660#comment-4344 [...] Loading..... BlogBuzzAbout Contact Older Post » Fight When it’s Time to Fight. Be Gracious When It’s Time to Give In. Aug 27 2010 03:38:00 AM Posted By : Mark Suster Comments (0) There are times to fight.  I must admit it’s part of my DNA to enjoy a good fight (not as much as does Jason Calacanis, mind you ahem: Facebook. Er: Comscore, Cough: Angel funding payola). [...] [...] Loading….. BlogBuzzAbout Contact Older Post » Fight When it’s Time to Fight. Be Gracious When It’s Time to Give In. Aug 27 2010 03:38:00 AM Posted By : Mark Suster Comments (0) There are times to fight.  I must admit it’s part of my DNA to enjoy a good fight (not as much as does Jason Calacanis, mind you ahem: Facebook. Er: Comscore, Cough: Angel funding payola). [...]

]]> By: mark hall http://calacanis.com/2009/10/09/why-startups-shouldnt-have-to-pay-to-pitch-angel-investors/#comment-4343 mark hall Thu, 12 Aug 2010 20:49:10 +0000 http://calacanis.com/?p=4660#comment-4343 http://www.purplegoat.co.uk/yaba-yorkshire-business-angels-52 massive con! http://www.purplegoat.co.uk/yaba-yorkshire-business-angels-52

massive con!

]]> By: mark hall http://calacanis.com/2009/10/09/why-startups-shouldnt-have-to-pay-to-pitch-angel-investors/#comment-4342 mark hall Thu, 12 Aug 2010 20:48:45 +0000 http://calacanis.com/?p=4660#comment-4342 great post i could not agree more, i got conned by one these companies http://www.yaba.org.uk/entrepreneurs/process/investment-forum-presentation/ £150 for a 5 min pitch to a bunch of students and people trying to sell me stuff massive con my rant is on purplegoat.co.uk great post i could not agree more, i got conned by one these
companies
http://www.yaba.org.uk/entrepreneurs/process/investment-forum-presentation/
£150 for a 5 min pitch to a bunch of students and people trying to sell me stuff
massive con my rant is on purplegoat.co.uk

]]> By: yaba - yorkshire business angels a massive con | purple goat http://calacanis.com/2009/10/09/why-startups-shouldnt-have-to-pay-to-pitch-angel-investors/#comment-4341 yaba - yorkshire business angels a massive con | purple goat Thu, 12 Aug 2010 20:34:57 +0000 http://calacanis.com/?p=4660#comment-4341 [...] ready this why start ups should not pay to pitch it reminded me of the time i got conned by yaba so here is my honest [...] [...] ready this why start ups should not pay to pitch it reminded me of the time i got conned by yaba so here is my honest [...]

]]> By: Web 2.0 Expo Launches Startup Showcase, Offers Tips for Getting Your Startup on Stage http://calacanis.com/2009/10/09/why-startups-shouldnt-have-to-pay-to-pitch-angel-investors/#comment-4340 Web 2.0 Expo Launches Startup Showcase, Offers Tips for Getting Your Startup on Stage Wed, 21 Jul 2010 19:17:27 +0000 http://calacanis.com/?p=4660#comment-4340 [...] been a lot of debate recently (e.g. this post by Jason Calacanis) about startups having to pay to pitch/demo at events. Where do you stand in [...] [...] been a lot of debate recently (e.g. this post by Jason Calacanis) about startups having to pay to pitch/demo at events. Where do you stand in [...]

]]> By: Fund finding: Learn your business and research investors — Blog—Venturelab—Invest | Inpsire | Ignite http://calacanis.com/2009/10/09/why-startups-shouldnt-have-to-pay-to-pitch-angel-investors/#comment-4339 Fund finding: Learn your business and research investors — Blog—Venturelab—Invest | Inpsire | Ignite Mon, 12 Jul 2010 08:34:59 +0000 http://calacanis.com/?p=4660#comment-4339 [...] always advise anyone who is looking for funding to never attend pay-to-pitch schemes as I think there are free and easy ways you can get yourself out there and find your investor. I [...] [...] always advise anyone who is looking for funding to never attend pay-to-pitch schemes as I think there are free and easy ways you can get yourself out there and find your investor. I [...]

]]> By: Manan http://calacanis.com/2009/10/09/why-startups-shouldnt-have-to-pay-to-pitch-angel-investors/#comment-4338 Manan Thu, 08 Jul 2010 08:01:53 +0000 http://calacanis.com/?p=4660#comment-4338 I think it's a logical choice that you make. Get off your ass and start looking around for rich guys who are making investments and get ready to hound the daylights out of them - or take the easy way, and get someone else to get these guys to listen to your business idea. I think it's fair, just because an entrepreneur who's searching for these "angel networks" to fund his next big "world changing" idea is too fucking busy to get off his ass and find people who can help him. I'd say that i wouldn't fund an entrepreneur who was too lazy to do his homework. It's like asking someone else to do your homework and complaining that you have to pay him! Get real guys! I think it’s a logical choice that you make.

Get off your ass and start looking around for rich guys who are making investments and get ready to hound the daylights out of them – or take the easy way, and get someone else to get these guys to listen to your business idea.

I think it’s fair, just because an entrepreneur who’s searching for these “angel networks” to fund his next big “world changing” idea is too fucking busy to get off his ass and find people who can help him.

I’d say that i wouldn’t fund an entrepreneur who was too lazy to do his homework. It’s like asking someone else to do your homework and complaining that you have to pay him!

Get real guys!

]]> By: Wolfgang Sladkowski http://calacanis.com/2009/10/09/why-startups-shouldnt-have-to-pay-to-pitch-angel-investors/#comment-4337 Wolfgang Sladkowski Tue, 06 Jul 2010 14:57:59 +0000 http://calacanis.com/?p=4660#comment-4337 I was often approached by Angels Den from the UK to visit their Singapore network event and I still receive emails from them to participate in some pitch meetings. Never give out your business plans to those kind of upfront fees companies. It's a scam all the way. I was often approached by Angels Den from the UK to visit their Singapore network event and I still receive emails from them to participate in some pitch meetings.

Never give out your business plans to those kind of upfront fees companies.

It’s a scam all the way.

]]> By: At Night In The City Of Open Angels : Belgrave Trust Blog 2010 http://calacanis.com/2009/10/09/why-startups-shouldnt-have-to-pay-to-pitch-angel-investors/#comment-4334 At Night In The City Of Open Angels : Belgrave Trust Blog 2010 Thu, 10 Jun 2010 14:34:34 +0000 http://calacanis.com/?p=4660#comment-4334 [...] one thing just to complain about the offenders (*cough* … those who charge strapped startups exorbitant fees just to [...] [...] one thing just to complain about the offenders (*cough* … those who charge strapped startups exorbitant fees just to [...]

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