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Local tech community looks out for its young'uns

VentureFizz explains why Boston next month will have a free event for young entrepreneurs to pitch their startups to venture capitalists:

A few weeks ago, a little online skirmish started on meetup message boards and Twitter involving a very suspect and questionable group that organizes events to take advantage of inexperienced young startups and unwitting entrepreneurs. (We don't want to give them any more press than they deserve, so we won't even mention the name of the organization.)

The group was going to charge some pretty outrageous fees for companies to pitch their ideas to what the group markets as a group of prestigious venture capitalists. When some Boston tech folks caught wind that the organization was returning to town and up to their usual antics, a bunch of people spoke out.

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Comments

Doing some googling, while this seems like a big waste of money (since free alternatives exist, and probably have better VC firms), I haven't seen anything that brings it to the level of a scam.

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