Times are getting strange.
I have seen a disturbing trend where some capital allocators engage in predatory practices, particularly targeting early-stage orthopedic startups. Some well-known capital allocators ask for up front payments without any serious intent to invest.
Be careful.
Here's what you need to be aware of:
The Predatory Playbook:
Initial Pitch Fees: Some investors or firms are now asking for hefty fees just to consider your pitch. For example, we've seen demands for up to $17,000 before even discussing your business plan in detail. This is an alarming red flag.
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