GoBigNetwork full of scammers? | Hacker News Reader

GoBigNetwork full of scammers?

gobignetwork.com

12 pointsprakster5 comments

We have the terrific PR that GoBigNetwork has gotten in the press and also in this forum, so I decided to check them out and registered, since I am looking for funding, I was about to pay their subscription fee, but decided to check their forum first, and found this thread. It really concerns me that they are using the entrepreneurs' hard earned money (subscription fee of $39 and up) for creating buzz and not for actively filtering out scammers as mentioned in this post.

I would like the GoBigNtwork guys to tkae this opportinity on this forum and answer a fe questions

But I am wondering if Since the people at GoBigNetworks are not responding

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We all know of the terrific PR that GoBigNetwork has received in the press and also in this forum, so I decided to register with them, since our team is about to seek funding,

I was about to pay their subscription fee, but decided to check their user forum first, and found the thread. It really concerns me that they may by using the entrepreneurs' hard earned money (subscription fee of $39 and up) for creating buzz and not for filtering out scammers as mentioned in this post.

I would like the GoBigNetwork guys to take this opportunity on this forum and answer a few questions about their service WITHOUT A LAYER OF BS:

1. What was the total number of Internet/Web deals funded in Nov 2007? 2. What was the total number of dollars funded in Nov 2007 for Internet/Web deals? 3. What was the mean funding cycle time for Internet/Web deals closed in Nov 2007? 4. Why won't you take the recommendations of your user as detailed so elegantly in the thread?

Feel free to add more questions.

Elegantly detailed? How about not very elegant and short on critical details.

How exactly can investors be screened? How can they make a feedback system that can't be gamed considering that the transactions don't go through their site as with, for example, ebay?

And if you think a telephone interview or basic checks will stop scammers then I have a nice gentleman from Nigeria who would like to speak with you.

If someone wants to post some actually thought through ideas instead of complaining about a subscription fee that didn't pan out then we're all listening.

It's like finding women to date through the internet. Some of them might turn out to be obese 50 year old men, but lots of people still get use out of such services.

Sounds like a problem of information asymmetry:

http://en.wikipedia.org/wiki/Asymmetrical_information

We decided against dealing with those companies. Just the fact that they are charging startups, not investors, is a good indicator.

Why would you charge customers who need money as opposed to those who want to invest? Pbobaly because all your customers are of the first type.

I emailed transburgh a while ago and said I would like to try GoBig's service for free and write about it on news.yc. His response was that they didn't think it was a good idea because whether or not I raised money had little to do with them and everything to do with my company.

Reply on news.ycombinator.com