Absolutely. I think the FB CoI within American venture capital, where they have fully infested the LP and GP ranks of most funds, is a much bigger and more important story. It really helped me understand that we need to work really hard to keep the rest of the world’s capital markets free and open — a major focus for me these days.
You never know which stories The Information won’t run, or which “negative” articles are actually deflections. Similarly, you never know which amazing startups remain shut out of funding, and a lot of entrepreneurs have no idea about the amount of back channel collusion goes on in creating the funding rounds and “overnight successes” they’re told to idolize.
A random dude on HN such as me shouldn’t be the source of this knowledge. Hope someone takes up the cause, but we live in a time of astounding cowardice.
You never know which stories The Information won’t run, or which “negative” articles are actually deflections. Similarly, you never know which amazing startups remain shut out of funding, and a lot of entrepreneurs have no idea about the amount of back channel collusion goes on in creating the funding rounds and “overnight successes” they’re told to idolize.
A random dude on HN such as me shouldn’t be the source of this knowledge. Hope someone takes up the cause, but we live in a time of astounding cowardice.