Jason Calacanis get’s it right when he says that Angels shouldn’t be asking Startups for cash for the time to pitch to them. First off Angels have the cash, and the time to listen to startups, and if they don’t have the time they shouldn’t ask startups to pay.
Jason Calacanis says it a lot better than I can, and in a rare moment I really agree with him on this.
Iâ€™ve been in the startup scene since 1994 and in those 15 years Iâ€™ve met, interviewed â€” and in some cases, pitched â€” the most powerful investors in technology. None of them have ever charged me a dime for doing so.
Why? BECAUSE THEY ARE RICH!
Itâ€™s low-class, inappropriate and predatory for a rich person to ask an entrepreneur to PAY THEM for 15 minutes of their time. Seriously, what is the cost to the party hearing the pitch? If you answered â€œnothingâ€ or â€œthe cost of two cups of coffeeâ€ you win the prize!