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Thank you for saying this more clearly than I could have. The HN fervor has demonized this practice, which is surprising to me as I had expected a more free ma
by ynniv 17y ago
Thank you for saying this more clearly than I could have. The HN fervor has demonized this practice, which is surprising to me as I had expected a more free market opinion from aspiring entrepreneurs. If price < chance * amount, paying to pitch is actually a sound investment. I assume that the numbers don't work out in this way, but we should aspire to have a reasoned opinion.
- pchristensen 17y agoExactly. If my screening process was so good and my investors were so active that I had a 70% investment rate, I'd happily put my price tag at the top of a page that had a list of all the funded companies and investors that put in $$. What Jason has dug up though is that the investors at these forums don't pay dues because the entrepreneurs aren't very good, just desperate. And since the investors don't pay, the forum has to accept any startup willing to pay the fees.