Nice Move By Funding Universe
A few weeks ago I wrote a post titled An Angel Investor Group Move That Makes Me Vomit. In the post, I lambasted the practice of charging entrepreneurs to pitch to an angel group for funding. I think this is completely backwards – the angel group members should cover all the costs and the entrepreneurs should not be charged.
Last week David Cohen (the founder of TechStars) wrote a post titled An offer to Funding Universe. On 9/30, Funding Universe is having one of their CrowdPitch events in Denver. The were originally charging $125 to present – David welcomed Funding Universe to Colorado and offered to pay the presentation fees for half the companies if Funding Universe covered the other half.
Funding Universe responded to David’s offer by having the Pitching Fee Removed! Nice job guys.