Red Herring awards: a scam?
techinasia.com
techinasia.com
I expected the "conference" to be lackluster and crappy, but I didn't expect that they would literally not even bother setting anything up for the awards. Amazing.
>... a nearly empty room with five or six people and another entrepreneur presenting on stage. Next up, was me.
Why was the first person even on the stage talking? There had to be an MC.
More info: http://800notes.com/Phone.aspx/1-954-461-2100/2
This is also a common charity tactic. They throw a big dinner party honoring some rich guy, then shake down all his friends to pay for tables at dinner.
The salesguy ended up screaming at our person who was just playing dumb.
It's also the "Who's Who" scam, where they print your name in a book of important people and sell you the book, or the "You Won A Poetry Content" that Dave Barry had so much fun with. http://www.miamiherald.com/2007/07/22/165002/poetic-license-...
The most recent pitch was last year and the special host was to be Terry Bradshaw.
Your users don't care about some stupid online award they've never heard of. If the investors you're talking to care about it then it's time to find new investors.
While it was pretty obvious that I could 'win' the award by paying for a conference ticket, I considered it - just so I could send out the press release, put the logo on my web site, and drop the name in client presentations. I figured I might get more value out of it than the few thousand dollars it cost, since we were selling into ad agencies and they seemed to value awards very highly. I also figured they wouldn't know this particular award was meaningless.
In the end I got a little too irritated by the sales guy's hard sell and passed, but I'm not certain it was a rational economic decision. Lots of ad technology companies trumpet their phony awards to the skies.
You may or may not know it means nothing.
Some of your customers won't.
And those will be more susceptible to other scams. The 419ers operate off a similar logic -- it's a pre-screening for gullibility, cuts down on their sorting and selection task.
If you goto the Wikipedia article, the names line up.
I never considered the possibility of the company itself having been scammed.