It does seem arse-about that an angel would charge a fee to let a startup pitch to them. Surely, the angel is the one with the money, and the startup is the one

It does seem arse-about that an angel would charge a fee to let a startup pitch to them. Surely, the angel is the one with the money, and the startup is the one that needs it, not the other way around. Charging does solve one problem for the less-than-bright angel - if they receive enough pitches, it means they don't actually need to work out who they should invest in, they can make plenty of money from fees.