There was another post on hn a while back where some investor justified charging a fee. basically he said you can either be flooded with applications and not have enough time to give each applicant a thorough evaluation, or charge a fee guarantee them their proposal is evaluated properly.
I thought it was a good point. But I guess it depends on how easy it is for a good idea to be found amongst all the noise.
$1500 seems like a lot to charge to filter an application. Let's say it takes an hour to read one application (which seems high to me on average, I suspect the bad ones only take a few minutes to weed out), that's a pretty steep rate!
I thought it was a good point. But I guess it depends on how easy it is for a good idea to be found amongst all the noise.