As we mentioned in the initial post, it’s always important to question who are the people making the claims and why they’re making the claims. In this post we’d like to analyze why specific individuals are making the claim that “Paying to Pitch” is a scam, hear their reasons for making that claim, see what they base that claim on, hear why they seem to ignore so many other facts.
We’ll be posing numerous questions some of which may appear as if they are not related but we assure you they all are.
Let’s start with Scott Kirsner and his recent Tweet
Nice to see HackerChick unload on the hucksters at Young Startup Ventures, who charge entreps to pitch C-list investors at their events.”
Scott is a reporter for the Boston Globe so we were surprised to see these comments and accusations.
Scott sounds quite annoyed about the idea of charging entrepreneurs to pitch and so we have a few a questions to better understand Scott’s position. We invite Scott to join us on this forum so that we can get some answers.
Scott – you seem to question the legitimacy of startups paying to present, is that correct? If so, please tell us why and answer the questions below.
- What need do you think entrepreneurs are looking to fill by attending and/or presenting at these forums?
- Do you feel that all startups can fulfill those needs completely on their own i.e. with their own network?
- What are the main ways companies go about raising funding given that many dont have an extensive network? i.e. should they use investment bankers?
- Do you feel that participating at a meeting where investors are present can fulfill that need?
- Do you feel it is worthwhile for startups to attend such events without presenting?