Comments on: Holy Cow, Angels Read Blogs! http://www.texasstartupblog.com/2009/10/21/holy-cow-angels-read-blogs/ Spurring innovation and entrepreneurship. Fri, 19 Mar 2010 04:01:26 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Lisa http://www.texasstartupblog.com/2009/10/21/holy-cow-angels-read-blogs/#comment-350118 Lisa Wed, 11 Nov 2009 21:39:56 +0000 http://www.texasstartupblog.com/?p=3198#comment-350118 Good info here. I run a start up and have had trouble with finding Angels and have run into the pay to play game too. I chose not to pay so I'm still searching... Good info here. I run a start up and have had trouble with finding Angels and have run into the pay to play game too. I chose not to pay so I'm still searching…

]]> By: Mernald http://www.texasstartupblog.com/2009/10/21/holy-cow-angels-read-blogs/#comment-350045 Mernald Sat, 31 Oct 2009 00:18:11 +0000 http://www.texasstartupblog.com/?p=3198#comment-350045 Hi Alexander, It seems that you are passionate about starting up companies. There is a new tool that is currently being developed that will best match entrepreneurs with investors by using a questionaire. It's called Conektinc. Like I said, it is still being developed, but you can visit <a href="http://conektinc.com" target="_blank">http://conektinc.com</a> and enter your email address so that you can be notified when Conektinc is ready to launch. We hope you can visit the site soon. Hi Alexander,

It seems that you are passionate about starting up companies. There is a new tool that is currently being developed that will best match entrepreneurs with investors by using a questionaire. It's called Conektinc. Like I said, it is still being developed, but you can visit http://conektinc.com and enter your email address so that you can be notified when Conektinc is ready to launch. We hope you can visit the site soon.

]]> By: Alexander Muse http://www.texasstartupblog.com/2009/10/21/holy-cow-angels-read-blogs/#comment-350033 Alexander Muse Thu, 29 Oct 2009 00:19:28 +0000 http://www.texasstartupblog.com/?p=3198#comment-350033 LOL - simple to ask for $500K and then pitch. If you decide later to raise more they can't charge you more. LOL - simple to ask for $500K and then pitch. If you decide later to raise more they can't charge you more.

]]> By: Free Poker Capital http://www.texasstartupblog.com/2009/10/21/holy-cow-angels-read-blogs/#comment-350015 Free Poker Capital Mon, 26 Oct 2009 13:05:42 +0000 http://www.texasstartupblog.com/?p=3198#comment-350015 .. devils also read blogs :P And now probably one of them sign for comments :P .. devils also read blogs :P And now probably one of them sign for comments :P

]]> By: Gordon http://www.texasstartupblog.com/2009/10/21/holy-cow-angels-read-blogs/#comment-349996 Gordon Wed, 21 Oct 2009 22:22:40 +0000 http://www.texasstartupblog.com/?p=3198#comment-349996 I agree with Robert's comment. The implication of the stipulation is either that companies asking for more than 500K can afford the pay-to-pitch fees and/or they generate a lot more cost for the K forum. I don't understand or agree with that logic. My belief is that any company still looking for Angel funding is (generally) by default 'cash poor'. If I were a non-Keiretsu angel, I would not want to invest in a company knowing that some of my money was going to these pay-for-pitch schemes. Perhaps the Keiretsu group knew that they were headed for a fight that they weren't going to win and were looking for some wiggle room. I will watch with interest to see how Jason Calacanis reacts to this change. I agree with Robert's comment. The implication of the stipulation is either that companies asking for more than 500K can afford the pay-to-pitch fees and/or they generate a lot more cost for the K forum. I don't understand or agree with that logic. My belief is that any company still looking for Angel funding is (generally) by default 'cash poor'. If I were a non-Keiretsu angel, I would not want to invest in a company knowing that some of my money was going to these pay-for-pitch schemes.

Perhaps the Keiretsu group knew that they were headed for a fight that they weren't going to win and were looking for some wiggle room. I will watch with interest to see how Jason Calacanis reacts to this change.

]]> By: Robert Hinojosa http://www.texasstartupblog.com/2009/10/21/holy-cow-angels-read-blogs/#comment-349993 Robert Hinojosa Wed, 21 Oct 2009 19:30:01 +0000 http://www.texasstartupblog.com/?p=3198#comment-349993 That's kind of a big caveat though from the K Forum group. The waiver is stipulated saying that only for startups asking for less than 500k. Otherwise the rate is still in play. I would venture to guess that there are still a high percentage of startups requesting more than 500k. At least now though, Jason and his nation has exposed them on the web, so any startup doing a lick of research will see all the negative press. That's kind of a big caveat though from the K Forum group. The waiver is stipulated saying that only for startups asking for less than 500k. Otherwise the rate is still in play. I would venture to guess that there are still a high percentage of startups requesting more than 500k. At least now though, Jason and his nation has exposed them on the web, so any startup doing a lick of research will see all the negative press.

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