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Old 11-16-2009, 09:00 PM
kidmercuryblog kidmercuryblog is offline
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Jason Calacanis To Start New Angel Group

Today was the deadline that Calacanis had set for various angel groups -- the Keiretsu Forum, Maverick Angels, AlwaysOn and several others -- to stop charging fees for entrepreneurs to present their startups. These groups have pretty much ignored him, so Calacanis -- who's sold two companies and is now CEO of the venture-backed startup Mahalo, as well as an angel investor himself -- says he will make good on his promise to start his own angel network, the Open Angel Forum. It will be a for-profit group with chapters planned in 20 cities, starting in the first quarter with Los Angeles (where Calacanis lives and says he plays poker with "two dozen *real* angel investors"). Details so far are scarce. Calacanis declines to say how he's going to make money.

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