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I don't understand why publicly lynch some company? why not market let work out its dynamics -- if it is not worthwhile people won't buy it. I am saying this be
by veteran 17y ago
I don't understand why publicly lynch some company? why not market let work out its dynamics -- if it is not worthwhile people won't buy it. I am saying this because I have attended Keiretsu forum meetings and these are very nice people.. they maintain office/staff/provide food at events and put in lot of efforts to promote startups..If you have not attended meeting then please do so..They seem to be not making profits by charging startups but covering operational costs (I don't know financial details but this is my guess). Now question is who pays for the services - I feel it is not at all outrageous for companies to pay here because the companies they select are generally already revenue generating companies, many of the companies are not in related field to a particular angel..as a matter of fact they advice you not to invest for quite a few deals when you start so you learn ins and outs..If they start charging more to angel members then the number of angels who engage in the process might drop ..may be you will say those are not right kind of investors who you want but be careful what you wish for. There are number of people in the group who are rich enough to sponsor whole thing but again, that's another model..sponsorship has its own strings attached. Coming back to my first point - just having different operational model does not equate to scam and people without getting facts falling for propaganda is no good