Comments on: Why Entrepreneurs should not pay Investors to Pitch

By: Brick patio design

Brick patio design — Mon, 15 Nov 2010 11:51:34 +0000

Laughter and tears are both responses to frustration and exhaustion. I myself prefer to laugh, since there is less cleaning up to do afterward.

By: Ian On The Red Dot :: Paying To Pitch

Ian On The Red Dot :: Paying To Pitch — Fri, 02 Jul 2010 06:19:13 +0000

[...] seemed to be schizophrenic yesterday. A couple of months ago, our founder Bernard Leong wrote an article against the ‘pay to pitch’ business model in… Personally, most, if not all of us at SGEntrepreneurs agree with his position against this model of [...]

By: Why Singapore Startups should not attend the Angels Den Speedfunding on 27 July – Dee Kay Dot As Gee

Thu, 01 Jul 2010 03:32:42 +0000

[...] is a need to warn startups in Singapore regarding this pay to pitch scheme. I’m glad that SGEntrepreneurs joined me in warning all the local [...]

By: Why Singapore Startups should not attend the Angels Den Speedfunding on 27 July – Dee Kay Dot As Gee

Thu, 01 Jul 2010 03:32:41 +0000

[...] is a need to warn startups in Singapore regarding this pay to pitch scheme. I’m glad that SGEntrepreneurs joined me in warning all the local [...]

By: Bernard Leong

Bernard Leong — Thu, 04 Feb 2010 04:22:23 +0000

Richard,

From reading what you have written, you are just apply ad-hominem (aka personal attacks) arguments. The whole argument here is that the entrepreneurs should not pay so much such as US$1499 in order to pitch. The investor should be rich enough and take the time to meet the entrepreneur. I have bought coffee and tea as an investor to every entrepreneur I have met and paid for my taxi fares. It's a matter of principle that the other person is already poor in the first place to start with.

Here is how I look at it. If an investor charges an entrepreneur to pay, it can mean two things. First, he's trying to leech off the entrepreneur who is already poor, and let the entrepreneur take all the risk and the liability. Second, the investor is not good enough. The best angels in the world do not charge. If your idea is good enough, you don't need to pay for pitching.

By: Bernard Leong

Bernard Leong — Thu, 04 Feb 2010 04:17:55 +0000

Somehow Disqus has failed again or this guy did not register a Disqus account to post.

From: Richard (at) Gmail.com:

Dear Bernard.

It is pretty clear that you have missed the point about angel investing. In order to see so many investors of that calibre it would cost you much more in taxis, train fares, lunches, coffee and anything else you have to spend on to get an audience with that many angels on your own time.

And to be honest, what you have written (and the awful way you have written it) shows anyone you don't quite have the firm grasp of business you think you do.

By: Richard

Richard — Wed, 03 Feb 2010 19:39:04 +0000

Dear Bernard.

It is pretty clear that you have missed the point about angel investing. In order to see so many investors of that calibre it would cost you much more in taxis, train fares, lunches, coffee and anything else you have to spend on to get an audience with that many angels on your own time.

And to be honest, what you have written (and the awful way you have written it) shows anyone you don't quite have the firm grasp of business you think you do.

By: BestBusinessAngels

BestBusinessAngels — Tue, 26 Jan 2010 14:02:12 +0000

Paying to pitch seems distinctly out of step with the market these days.

Peter
http://www.bestbusinessangels.com

By: Angels Den Blog» Our Response to SGEntrepreneurs – Singapore Angel Investment Network

Fri, 22 Jan 2010 11:14:32 +0000

[...] is our response to the Bernard Leong blog post about Angels Den which, for some reason, hasn’t been approved and published. Hi [...]

By: Ross_Stokes

Ross_Stokes — Tue, 12 Jan 2010 19:44:38 +0000

DK… no problem on the misunderstanding.

However you seem adamant that this model doesn't add value to entrepreneurs. Have you taken the time to speak to the people at Angels Den and do some due diligence on the stats and also speak to people who have been through the process who have received deal offers and those who haven't.

To me that is when you can make a considered opinion on a model and not judge it on your past experiences or loose cross industry similarities. Models… business that is… are constantly up for review and refinement.