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I don’t believe that anyone should ever have to “pay” to pitch their idea to anyone. I would never do this, nor would I encourage others to. If you really believe in your product, you will inevitably find a way to promote it to investors.
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You can read more on Mouli Cohen's thoughts about entrepreneurship here.
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Daniel Goh is the founder and chief editor of Young | Upstarts, as well as an F&B entrepreneur. Daniel has a background in public relations, and is interested in issues in entrepreneurship, small business, marketing, public relations and the online space. He can be reached at daniel [at] youngupstarts [dot] com.