Mike Arrington: Turning the drama down on Y Combinator v. Google Ventures
uncrunched.com
uncrunched.com
Read like that, Mike's post is then clearly just a little bit of politics. It's not turning the drama down, it's looking after someone that looked after him at some point and may do in future.
Viewed from outside the valley, whenever I see stuff like this I wish we had journalistic standards rather than blogger opinions. Declare your interests, state any arrangements you've got in place. Then I'll read the opinion without feeling I am being duped. Without that you just get noise chambers.
This particular article is from Uncrunched, not Techcrunch.
and <i>he</i> is the one to blame?
Strong hint that there is more to this.
I can't see how opining that YC is 'predatory' will help VB/O'Dell here. (Such a derogatory allegation would seem to require some on- or off- record aggrieved sources, rather than just an appeal to "acknowledge the obvious"... at least in the non-Marxist business press.)
Mike knows how to stir the pot in more ways than Rachael Ray.
Tiresome at best, misleading at worst.
To note, I'm not talking about Arrington here.
This is the second time I recall seeing any kind of leak from a pg email. The first being the "warning of bad times" email in regards to Facebook's IPO.
Anyone know if there's any credence to Arrington's theory?
The fact that pg actually took the time to explain himself on HN (even though he didn't have to) is enough explanation i think. VB wrote the article, it was inaccurate, but everyone went on with their lives. Now mike comes back to stir the pot again.
SV Angel (along with Yuri Miller) is the fund that offers the 150k convertible note to all YC startups.
Mike Arrington has a clear undisclosed conflict of interest here.
That being said, what is more interesting is that pg will now have to be more reserved about communicating with his people. That is sad, because honest and unfiltered communication is a hallmark of startups. Has YC grown too big for unfiltered communication?
Why would he do that? He is advising the startups which has sought his/firm's mentorship that taking gv's investment will irk existing investors and will make people think you are deep down in the drains as you are devaluing yourself. This wasn't a negotiation with GV.
> If pg had the foresight to cc Google Ventures,
I don't see how gv would have appreciated this foresight. GV is in talks with X, pg comes in and asks X not to take the investment and cc'c GV. GV won't like it and now X which might or might need GV's money is in difficult position.
Also, the foresight he should have is mails can be leaked(even those addressed to people he personally knows), and write mails as if they are public.