Earlier quoted context omitted.
But that's the whole point of the article: the whole value of the CrunchFund (and its ilk) is that Arrington (and his ilk) will be a douche on your behalf. If it were just the money, it wouldn't be worth it for the companies they invest in: the amounts are too small. It's an alternative compensation scheme for a PR flack who masquerades as a journalist. There's no ethical way to run the fund, because it would be wort…
Yah, obviously that's the value he's adding. I think it's a zero sum game, however. Shilling isn't going to help a crappy product out in the long term, only the short term. And it brings up all manner of ethical grey areas: is blogging journalism? Do influencers lose influence when they lose objectivity? What the fuck is an influencer, anyway? If a journalist is ever an influencer, he or she is doing it wrong... Buh,…
I think it's a zero sum game, however. Shilling isn't
going to help a crappy product out in the long term, only
the short term.
I don't know, they only have to make it as far as a big VC round.