Fund: Keiretsu Forum
Posted by Anonymous on 2008-10-25
We were approached by this forum for pitching.
However, when we inquired more about their model, we were explicitly told that we must have: (a) our product ready and (b) at least one customer waiting to buy it. If a company gets to this stage, then why should it approach this bunch of clowns for a fee" Do they know what is meant by angels" Aren't VCs around if you have come up so far on your own or with friend & family or with some other mode of help"
But, hey....you will see a lot of angelers (service providers) at their meeting! Nice business model. After you collect so much free money from cash-strapped start-ups, anybody can be a investor!
Is it ethical"
"Angels" .....Hell NO!PRIVATE: Members Only