Introduced to VC/VC is asking for money to pitch him?
After having being introduced via email to a certain VC company, they've responded and requested to setup a meeting with our company. They're asking us to pay for the meeting. Is this normal?
I know of one angel group that charges a menial fee to start-ups to pitch and that money literally goes to the cost of renting the hosting facility, coffee, muffins, that kind of thing. I know that seems super strange, but that is how they do it. I think it's like $30/pitching company, and you have to get invited. I think they do 7 or 8 companies a month.
At the same time, other events will charge $300+ to pitch VCs, and that is just somebody trying to make a profit.
So I'd take the extra two minutes to clarify what you're paying for and why. Who knows what they'll come back with.