Re:Welcome To CrunchFund, MG Siegler
by briandear on Tuesday October 04, 2011 @12:39AM
(#3069403)
This TechCrunch/CrunchFund stuff gets confusing. Is TC a news site and CF a VC? It seems analogous to the New York Times starting NYTFund and then having reporters cover their companies. While I suppose the lines are clear (to someone,) it just seems like there's a lot of Crunch and even more confusion on the part of the unwashed. Maybe I need a shower. Or a big CF investment and a positive TC review to soothe my skepticism.
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For what it's worth, the NYT is an investor in True Ventures and Betaworks.
I didn't know that.. Oh well, NYTimes corporate ethics has never really been their forte. I guess they need to diversify to make up for their increasing irrelevance in the news space.
My issue is that no matter the source, there are always conflicts of interest. And frankly, whether or not a blogger is an investor in a company is at least a lot more obvious than the typical Valley BS politicking where you're afraid to piss off the wrong person.