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Jason Calacanis Drops The Hammer on YoungStartups for Charging Fees to Present

46 pointsby rpledgeabout 15 years ago

12 comments

sanjabout 15 years ago
I had exactly this interaction with YoungStartups and Alex N.<p>We went back and forth a few times: I felt that "Over the years, I've learned that paying to present is perceived by investors as a very poor use of funds, especially early on."<p>And he disagreed.<p>But my favourite bit was when Fred Wilson weighed in:<p><a href="http://www.avc.com/a_vc/2009/05/conferences.html#disqus_thread" rel="nofollow">http://www.avc.com/a_vc/2009/05/conferences.html#disqus_thre...</a><p>If I may quote: "Its nuts to pay to present."<p>But Alex was persistent: "There's no point of arguing but there's no doubt that he's wrong."<p>It's good to see the silly fight continue.
johnswampsabout 15 years ago
That is a nearly unreadable way to post e-mails.
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docgnomeabout 15 years ago
Jason Calcanis is rude to someone he doesn't like. In other news, the sun rose today.
chrischenabout 15 years ago
There was another post on hn a while back where some investor justified charging a fee. basically he said you can either be flooded with applications and not have enough time to give each applicant a thorough evaluation, or charge a fee guarantee them their proposal is evaluated properly.<p>I thought it was a good point. But I guess it depends on how easy it is for a good idea to be found amongst all the noise.
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jmmabout 15 years ago
Jason would probably defend his manner as east coast shoots from the hip, no bullshit. But that's a joke. He's just rude and coasts have nothing to do with.<p>Passion is a good thing, and Jason's passion here is warranted, but the guy needs a bit of a filter.
rfreyabout 15 years ago
Who thinks "please kill yourself" is funny?
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thingsilearnedabout 15 years ago
Its an brilliant model if it works. See 10 companies, put 15k into one of them. Basically investing for free!
minalecsabout 15 years ago
im not familiar with youngstartups, but how is the fee they are charging different from when like techcrunch charges to be in the demopit of tc50 ?
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jxcoleabout 15 years ago
Reading about that guy who left Mahalo last week made me think that Calcanis was a bit of a jerk. After reading this I have decided that he must just be really intense all the time.
sh1mmerabout 15 years ago
Even if he's right, Jason proves yet again that being an asshole isn't cool.<p>I makes me sad that anyone feels this is an appropriate way to conduct themselves.
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wakeupthedawnabout 15 years ago
This is definitely one of the few positive things Jason Calacanis does.
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Alex3917about 15 years ago
Are you kidding? $1500 probably barely covers their expenses. It might not be the best way to raise money, but it's hard to begrudge the organizers for charging such a nominal amount.
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