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One of the lessons I've learned in the few years I've been in business is this: sometimes you do everybody a favor by charging them. While I'm not necessarily
by wdavis 17y ago
One of the lessons I've learned in the few years I've been in business is this: sometimes you do everybody a favor by charging them. While I'm not necessarily in favor of this practice for angel investors, I'm not going to condemn it either. If I was going to "pay-to-pitch" I would make sure 1) the concept is marketable (investigate competitors, keep my ear to street, etc) 2) that I had a damn good pitch. Unfortunately, some startups don't take the time to due these things or even think about the investors time. The fact is they do feel entitled. By charging a fee you eliminate the half-hearted and at least ensure that the start-ups pitching understand the importance of the situation. The companies named apparently provide a service that these entrepreneurs can not provide for themselves. They bring in the money. Therefore, they should get paid. Does anyone know if the angel investors get any of this money? Look if it's a scam it should be stopped, but if it's bad business it will stop itself.
- anamax 17y ago> The companies named apparently provide a service that these entrepreneurs can not provide for themselves. Do they? What have they funded? What success has followed their coaching? > They bring in the money. Do they? Again - what have they funded? And even if they do, lots of folks have money. If they're admitting that they're dumb money....