This is Kara Swisher. It's hard to imagine who might have more of an understanding of this industry. She's been up on stage intelligently interviewing the var

This is Kara Swisher. It's hard to imagine who might have more of an understanding of this industry. She's been up on stage intelligently interviewing the various luminaries of the startup industry, both at AllThingsD, and now Re/Code. What she's communicating, is that "VC machinations" are inherently unknowable, and anyone who claims otherwise in general is spinning a line. For this situation, it's going to require fairly detailed reporting - which she goes on to do, by reproducing the letter sent out to the LPs and SV companies.