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Fund: North Texas Angel Network

Posted by WyattEarp on 2010-01-19

PUBLIC:

Spoke with McCoy several times. They have been around less than 2 years which makes me wonder where they get the nerve to charge the fees they do. I got the distinct impression that they concentrate more on generating fees than investing in start-ups. I would normally not mind paying a fee to a group that has a track record but they have none and seem to only fund 1:50 which tells me they are not screeing their deals well enough.

Such a young Angel Network should not be charging fees until they prove themselves.

Save your money and spend it on customer acquisition.

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