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> According to Angelsoft, 2.6 percent of the applicants ultimately get funded Charging poor startups to pitch seems like a pretty backwards business model, and
by thomaspaine 18y ago
> According to Angelsoft, 2.6 percent of the applicants ultimately get funded
Charging poor startups to pitch seems like a pretty backwards business model, and ultimately provides poor incentives for Angelsoft to operate on. They should just take a percentage of funding or equity from each completed deal, so they, you know, only get paid if they actually do something helpful.
- sgrove 18y agohttp://news.ycombinator.com/user?id=evbart http://news.ycombinator.com/user?id=evbart There's been considerable discussion on this already. If you feel that it's worth the chance to pitch for the amount they charge, take it. If not, don't. I think it's a bit opportunistic - there's very little value add for the entrepreneur's point of view. But they've made a value-prop, good or bad. That said, a small percentage on overall funding might not be a bad idea from a feel-good stance. I wonder if it would be enough to compensate for revenue lost from its current model, and how they would deal with people going outside of the system to close deals.