Holy Cow, Angels Read Blogs!
October 21, 2009
The Keiretsu Forum is dropping their ‘pay to pitch’ model for early-stage startups. The angel group claims this change, announced today, is not in response to Jason Calacanis who threatened a shooting war if Keiretsu and other angel groups did not drop their fees by November 16th. I have been railing against angel groups who charge entrepreneurs to ‘pay to pitch‘ for years, but my voice didn’t seem to resonate with angels. Jason’s take no prisoners approach was a lot more effective. I think entrepreneurs owe Jason a debt of gratitude and at least a beer the next time they seem him. Thanks Jason!
