Comments on: Revolutionary Angels Launches Pay-to-Play Business Plan Competition

By: Pay to play? » Business Plan Competition

Pay to play? » Business Plan Competition — Fri, 09 Oct 2009 14:04:56 +0000

[...] This is an interesting spin on the business plan competition. An angel ‘investment’ group in the USA (Cambridge, MA) is proposing to run a business competition where the entrants “pay to play” and thereby fund the investment pool. Is this a good idea? Should start ups really be investing their limited financial resources in entering business competitions? [...]

By: Gloria Guenther

Gloria Guenther — Tue, 06 Oct 2009 20:53:19 +0000

The nearly 5k “entry fee” would certainly
be a deterent to cash-poor, but deserving, start-ups. Holy cow!
Perhaps all entries could submit the
$4,999.00 entrance fee in virtual currency,
instead.

By: Apolinaras "Apollo" Sinkevicius | LeanStartups.com

Apolinaras "Apollo" Sinkevicius | LeanStartups.com — Tue, 06 Oct 2009 00:31:33 +0000

I am sure regulators will be making a call to “Revolutionary” Angels to C&D their lottery. Sorry, but this is not what Angel investing is all about. There is nothing revolutionary about this. I will not go as far to say it is a scam, but I question ethics of this “investment” scheme.

By: Is “Revolutionary Angels” either? « Myriad Missives

Is “Revolutionary Angels” either? « Myriad Missives — Mon, 05 Oct 2009 20:40:51 +0000

[...] “Revolutionary Angels” either? This article in today’s Xconomy outlines a new “pay-to-play seed fund competition” (my words) created by a new firm [...]

By: Chris Comella

Chris Comella — Mon, 05 Oct 2009 14:57:20 +0000

Another scam preying on the young and/or desperate and/or misinformed.