4 ms·
Introduced to VC/VC is asking for money to pitch him?
After having being introduced via email to a certain VC company, they've responded and requested to setup a meeting with our company. They're asking us to pay for the meeting. Is this normal?
- wikiburner 13y agoNo. Walk away.
- michaeldunworth 13y agoYeah, that's what I thought. They asked to get paid in BTC also. Haha...
- petervandijck 13y agoIt would be ok (imho) to share the name of that company here.
- michaeldunworth 13y agoI'm not sure, I don't want to burn any bridges or anything like that. Sorry about that.
- petervandijck 13y agoUnderstood and fair enough.
- akravi 13y agoAbsolutely not. Run away.
- michaeldunworth 13y agoThanks. I thought that was the case. Much appreciated!
- bjpcjp 13y agoWalk away. Make sure they hear you laughing as you go.
- pedalpete 13y agoAs others have said, no, never pay. BUT, if I were you, I'd clarify with them that they are asking you to pay for a meeting. I've heard of people charging for pitch-events, but never for a meeting. I know of one angel group that charges a menial fee to start-ups to pitch and that money literally goes to the cost of renting the hosting facility, coffee, muffins, that kind of thing. I know that seems super strange, but that is how they do it. I think it's like $30/pitching company, and you have to get invited. I think they do 7 or 8 companies a month. At the same time, other events will charge $300+ to pitch VCs, and that is just somebody trying to make a profit. So I'd take the extra two minutes to clarify what you're paying for and why. Who knows what they'll come back with.
- michaeldunworth 13y agoThanks for the further info... I'm waiting on an email response from them. It was an introduction from a successful entrepreneur who wanted us to speak to this particular VC company. Upon introduction, was hit up for BTC... I'll let you know what the end result is. Appreciate the feedback though!
- deleted 13y ago[deleted]
- borplk 13y agoRun!
- ericthegoodking 13y agoNo! No!