The conference is being run as close to at cost as possible. This isn't comdex, and we have a huge number of college student discount admissions.
The goal of the event isn't to have a bunch of famous people lecture at you, (although we have some really cool seattle based speakers attending) its to give you the hands on tools you need to build a great startup. At the end of the day you will have a hackers guide to getting your company up and running.
Think of the expenses of the dudes from UK!
They don't have SUS speakers (who does?) and they charge a small fee. So what?
Sounds like a good thing to me.
I'm not going to say anything bad about this group, but I'm not likely to pay for a one-day conference to learn how to incorporate and keep ledgers. Those topics aren't served well by the format.
Anyway, perhaps Bay-area residents never lack for motivation or meetups with liked-minded people, but for me, that aspect was far more important than the content of the talks.