{ February 3rd, 2010 }
Never Ever Ever Ever Pay to Pitch
Your startup should never have to pay $$$ to pitch to potential investors. Period.
Today, Alex Muse posted on his Texas Startup Blog about a recent encounter with an investor group asking $4,500 to pitch from ShopSavvy, one of my clients.
Alex has written about why a startup should never have to pay to pitch time and time again. Thus, the investor group would have been wise to check out his blog before asking for the cash.
Jason Calacanis authored an epic post on the topic of paying to pitch as well. It’s a great read.
Just remember that no matter how hard it is to source funds, your startup should never have to cough up its own funds.
About the Author
Ryan Roberts is a startup lawyer and represents technology companies through all phases of the startup process, including incorporation, seed & venture financings, and exit transactions. Click here to learn more about his practice.
I absolutely agree with you 100%. PremierInterns.com is a startup and I’m always trying to figure out way to grow the company. It seems like every time I try to meet investors, they always want me to join a group and pay a significant amount of money with the promise of meeting investors. They can’t even guarantee that I’ll get funding. Great article and awesome job on referring your readers to other similar articles.