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Jason McCabe Calacanis
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Mint Shows
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darkyuubiOct 11, 2009
Open threats on the internetzSRS BZNESThat being said, it was quite a badass article actually.
Closed AccountOct 11, 2009
Calacanis has a fair amount of clout within the space, and frankly Keiretsu and the like *are* somewhat scammy. I would know, I used to work at one of these companies.Realistically, the reason why the forums charge the entrepeneurs is because they (the entrepreneurs) are desperate. The organizing forums need to make money somehow, and the investors won't pay anything. Good investors are inundated by pitches already, so the forums charge who they can. It's just a flawed, broken business model.
geokenOct 11, 2009
Kind of like how corporate backed MySpace beat out Facebook.
zdwadeOct 11, 2009
i agree with you 100 percent. this is jus the risk someone takes when pitching, and trying to gain access to money they could never obtain independently. if your idea is good enough sooner or later u wont have to pay to pitch your idea, good luck to all.
quarandoOct 11, 2009
Yes, but facebook was created by students at harvard. Harvard has tremendous resources for its startups. It would have been much more difficult for facebook to reach the level of success it has without the advantages of being developed at an elite institution. That isn't to say that an average person can't get lucky and become very successful. It is just very, very rare.
quarandoOct 11, 2009
Maybe they shouldn't "hold all the cards". This is one of the reasons that our economy and political institutions work in the interests of only a small minority of the population. The people that "hold all the cards" use this advantage to protect and extend their own power while holding back others by denying them real opportunity, unless they have the right connections and come from the right elite social circles.
hascatOct 27, 2009
no, they would have run an auction for seed money
jamesmckMar 15, 2010
there is obviously a balance between paying for advice and angel investment services and being ripped off. There is no such thing as a free lunch, if you are in need of funding and cant secure it by the usual methods then paying for angel investment services can be okay if done properly. You just have to watch out for the rip off sites and also for the get rich quick schemes, this can often be easier said than done.