Jason Calacanis, CEO of Mahalo and cofounder of the Techcrunch50 (formerly Techcrunch40) event where startup companies are given an opportunity to pitch their ideas and potentially get funded, lashed out at rival DEMO that offers a similar venue but at the cost of $18,000 for companies accepted into the program.

I regret not catching all of the rant, and he didn’t record it, but I think it’s notable to share his message with the DEMO folks (and you). The DEMO model is a travesty for any company that is not already well connected and can afford $18k. It is the ultimate in class warfare and does not give legitimate opportunity for great ideas to rise to the top and be funded.