Angel Investors To Startups: Yes, We Charge
Jason Calacanis's blog post Friday attacking angel investor groups who charge entrepreneurs to pitch their startups continues to generate Tweets, comments and blog posts, many from outraged entrepreneurs. VC Fred Wilson of Union Square Ventures also weighed in for Jason, warning entrepreneurs to avoid not only angel groups that charge but also "startup agents that charge entrepreneurs upfront cash to make intros to potential investors...A basic rule of thumb for fundraising agents is that they must work on a success fee basis or you should not use them." However, representatives from two more of the groups Calacanis attacked by name -- Maverick Angels and the Keiretsu Forum -- called over the weekend to defend their practices.
12 October 2009•2 mins read
