Agree with all these points, especially the adverse selection bias. Would you pay to apply for a job? Of course not.
Between incubators such as YC and others, hustling for intros, and Angel List, there's no reason ever to pay to pitch investors.
The ones charging $1,000-$8,000 are just robbing Peter to pay Paul. The more people they invite to pitch, the more money they make, a portion of which they will "invest" in the "winner."
These people are leeches leaches and need to be called out as such.
Comments
Agree with all these points, especially the adverse selection bias. Would you pay to apply for a job? Of course not.
Between incubators such as YC and others, hustling for intros, and Angel List, there's no reason ever to pay to pitch investors.
The ones charging $1,000-$8,000 are just robbing Peter to pay Paul. The more people they invite to pitch, the more money they make, a portion of which they will "invest" in the "winner."
These people are leeches leaches and need to be called out as such.