Where exactly is the argument? What I read was this: The charge: Angel groups charging entrepreneurs to pitch are ripping them off. The incentives are all wron

Where exactly is the argument? What I read was this: The charge: Angel groups charging entrepreneurs to pitch are ripping them off. The incentives are all wrong. You are not getting your moneys worth. It is a scam fuelled by founders desperate to pitch, not a business connecting capital to opportunities. It is similar to modelling/acting agent-ing scams. You can tell it is a scam by the level of secrecy. The defence: (1) Two of the named companies defend their practices. (2)entrepreneurs have “a sense of entitlement” (3)TechCrunch50 conference makes a lot more money off startups than they do (4)who are chosen to move forward get weeks of free coaching and mentorship on their pitches before they’re asked to pay. Also, entrepreneurs don’t have to pay — they can drop out if they want. (5)“We are not in this to make money,” a (unidentified) spokesman said. 1,2 & 5 do not actually say anything. 3 is neither here not there. No one ever said that startups are a no profit allowed world. That leave only 4, a relatively vague claim that these groups add some sort of value to the process.