The opposite of what entrepreneurs need:
May 17, 2006
My venture wire alert came this morning and I got a chuckle when I heard that 25-year-old Brock Blake started a company to help entrepreneurs meet angel investors. He holds “speed pitching events” and charges $500 to $1,000 to attend. He also helps entrepreneurs make videos of their pitches and posts them online for angels to view.
Venture Wire said it best, “in a sign that everything old can be new again in the world of Web 2.0, FundingUniverse has raised capital to back its service offering entrepreneurs and angel investors a way to network locally.” As it turns out Grow Utah Ventures and Provo Labs, and according to the comapny, they provided “less than $1MM in financing”. BTW: what is less than $1MM in financing? something between $1 and $999,999 I guess. I think it would have been better to say that they provided less than $100,000,000 in financing - don’t you?
Brock should start reading Jason’s Signal vs. Noise blog. . .
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I’ve received that as well & quite wasn’t sure how good is it for anyone to announce to the world about their ideas on stage. It doesn’t seem to be a 1:1 pitching.
Or probably I missed something in that mail.
Regards,
NagB /at/
Startups.in
[…] Anyway…the reason that I bring this up is because a blogger in Texas posted an entry about FundingUniverse.com and me that was definitely “not cool.” Of course, everyone has their opinion… so it’s not that big of deal. […]