socialmedian: Pay-to-Pitch versus Event Sponsorships: What's the Diff?

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Pay-to-Pitch versus Event Sponsorships: What's the Diff?

Source: ReadWriteWeb

Oct 21, 2009

Summary

After tech heavy hitters like Jason Calacanis, Robert Scoble and Fred Wilson expressed public outrage over its pay-to-play fees, the Keiretsu Forum has begun waiving fees for early-stage startup presentations. According to PeHUB's Deborah Gage, the network is asking its chapters to disregard presentation charges for companies with less than $500,000 in capital and for those trying to raise less than $500,000 from investors.

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In early October ReadWriteWeb covered the uproar Jason Calacanis caused when he spoke out against pay-to-pitch VC presentations. Said Calacanis, "It's low-class, inappropriate and predatory for a rich person to ask an entrepreneur to PAY THEM for 15 minutes of their time."

Since then the vocal entrepreneur/investor has been publicly outing organizations with pay-to-play presentations. Recently he called on startup companies to boycott events like New York's Venture Summit and AlwaysOn's Venture Summit Silicon Valley. Both events charge startups as presentation sponsors before they can demo to attendees. To counter these events, Calac

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