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$50 is a big step up from free, but if it means less stress on you guys. Then that only means a better event. My guess is that you'll be sold out way in advance.
So, volunteers were spending their "time-money," many attendees were spending hundreds on hotel, food, travel, etc., and yet, somehow, it was all supposed to be free.
That said, I do agree that $50 is probably more than any of us expected.
So that brings up another point. "Free" events have lots of sponsors. Why make the volunteers do all the work to bring in sponsors? If you and your friends really can't afford the $50, can you rally a sponsorship that would enable organizers to include a number of reduced-rate attendees?
Be creative, and throw the passion and energy you might think to devote to debating the point into making things happen! PodCamp costs the organizers $50 a person (more if you include volunteer time). If having it "free-er" is a priority for you, why not pony up your connections and sweat equity to crowdsource the sponsorships too?
http://www.podcampboston.org/2008/04/16/podcamp...
I do believe that time is easier to give than cash (you can't pay bills with time, unfortunately!), and that's why people volunteer more than just giving out of their pockets.
Just my thoughts.
In the end, they required a nominal $15 fee for covering costs to ArbCamp and the whole event went great.
However, $50 sounds high - I would think one way to potentially justify this would be to be very open about the entire accounting of the event. Costs for venue, food, swag, etc. so that potential attendees can be aware of what they are being asked to pay for.
http://www.PodCampBoston.org/ledger/
I'll be happy if the fee means the T-Shirt isn't an enormous billboard for some random sponsor. I never wear my PC2 shirt for this very reason. Not good promotion of PodCamp.