A bombastic war of words is under way in Silicon Valley.
In one corner, Internet entrepreneur and TechCrunch50 co-producer Jason Calacanis has declared “jihad” on the Keiretsu Forum, accusing the angel group of taking advantage of startup companies and calling the fees the forum charges companies to pitch for investments from its members “payola.”
In the other corner, a mystified Keiretsu Forum finds itself defending a record that includes its Northern California members investing $1.4 million in seven companies this year alone.
Pay to pitch smackdown: Debate heats up on angel groups that charge startups
