Tuesday, October 13, 2009
Calacanis/Keiretsu Tiff Heats Up With Lawsuit
A personal campaign by Santa Monica-based Mahalo.com's CEO, Jason Calacanis, to put pressure on for-profit angel investment firms to stop charging entrepreneurs to pitch, has ramped up, as Calacanis said Tuesday that he has been informed that Keiretsu Forum is filing a lawsuit against him. No details on the lawsuit have been released by either of the parties. Keiretsu Forum was the initial target of the effort by Calacanis to stop the practice of charging entrepreneurs to talk with investors. Calacanis has been on a crusade since last week, to expose the fees charged to entrepreneurs by a number of angel investment groups.