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Chances are he put money in Seesmic for the same reason he put the widget on Tech Crunch: because he liked the product and thought it had potential. Putting mon
by jeremymims 17y ago
Chances are he put money in Seesmic for the same reason he put the widget on Tech Crunch: because he liked the product and thought it had potential. Putting money into a company because you can give their widget page views seems like an incredibly poor investment strategy.
- nir 17y agoHe may have invested in it because he thinks it's a good company, but providing it with a permanent space on his widely-read publication significantly improves the odds of his investment. I doubt even the most honest reporter can reliably cover a market he's invested in. Actual journalists seem to agree: http://www.nytco.com/press/ethics.html#avoiding http://www.nytco.com/press/ethics.html#avoiding (Unfortunately it seems that the people who wrote this ethics code are now taking cues from TC, rather than the other way around)