Suing Jason Calacanis for Complaining about Fees...
Fund: Keiretsu Forum
Posted by Anonymous on 2009-10-09
One of the most common complaints among entrepreneurs is the high fees that Keiretsu Forum charges entrepreneurs to pitch. Jason Calacanis, an admittedly controversial entrepreneur, spoke out against the high fees. Now, it appears that the Keiretsu Forum is suing him.
As a multiple time founder, I would be happy to pay a small fee to pitch, maybe $100 or even $250. I understand that it costs money to run these groups, and the investors should not have to pick up 100% of the costs. However, charging a few thousand dollars to pitch in a room with vendor tables is unreasonable.
If you need to have an economic model, then charge annual membership fees to each of the investors and still have vendor tables. Don't take what little money entrepreneurs have.
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