4 ms·
Because it is so low there really is no reason to charge it. I wonder how many they get a year and what this equals in terms of revenue. I'm guessing they get
by jasonmcalacanis 17y ago
Because it is so low there really is no reason to charge it.
I wonder how many they get a year and what this equals in terms of revenue. I'm guessing they get 1,000+ a year. So, it's $150,000 out of the gate I'm guessing.
Feels icky and I'm sure $25 would have the same effect. It's clear this is for making money from my perspective.
That being said, I don't think they are bad people and they certainly are not the Keiretsu Forum charging $1,500-$6,000 to pitch... or that Mike Segal guy asking for 5% of your business and $10k+!!!
The fact that they have to explain themselves shows how much the tide has turned.
I'm an entrepreneur first and an angel investor second... so, I've built the Open Angel Forum from a startups perspective. These folks are angel investors and they don't always see the other side of the coin.
- MediaSquirrel 17y agoDude, it's really great to have heavyweights like you out there advocating for this stuff. When I wrote my original post, I got slammed by a lot of people and didn't get a lot of vocal support. http://www.metamorphblog.com/2010/02/is-ny-angels-a-paytoplay-scheme.html http://www.metamorphblog.com/2010/02/is-ny-angels-a-paytopla... Honestly, I think entrepreneurs are scared to speak up and offend rich people with power and money. If you're the only one who sticks his head out, it gets cut off. And so nothing changes. Now, I'm a bit more like you in that I've got something of a chip on my shoulder and I don't give a fuck, but regardless, thank you for having my and all our backs on this. -Matt Mireles
- aswanson 17y agoThanks to you for calling bullshit on these guys in the first place. This predatory stuff turns my stomach. And it is good to see Calacanis et al cosign. This is just bad for the industry in general.