Startup Chatter by Donna Bogatin

It is not surprising that the banned from Wall Street, SEC-fined for research analyst conflict-of-interest Henry Blodget’s latest financial prognostication tool–(so-called) Silicon Alley “Insider”–would mock the New York Time’s discussion of prospective conflict-of-interest “dicey games” of venture capital fund executives who sometimes make investments in deals personally, and not always through the funds they manage.

Is it “hateful”–as Blodget’s current media vehicle’s headline suggests–for WSJ’s Peter Lattman to “spend several hundred words” to shed public sunlight on self-dealing risks inherent to the venture capital industry? NO! It is a public (financial) service.

Moreover, it is a public dis-service for Blodget to consecrate five paragraphs of gossip-mongering regurgitation of the words of others which–while undoubtedly entertaining to the Silicon Alley “Insider” readership–throws cold water on an informative account of the inner workings of venture capital funds.

FOR A FIRST-HAND LOOK AT THE REAL WORKINGS OF SILICON ALLEY VENTURE CAPITALISTS: RSVP to the StartupAlpha.com Fall Extravaganza Pitch Meet & Tech Connections Party featuring a special keynote by BOB GREENE, principal, CONTOUR VENTURE PARTNERS and former managing partner, Flatiron Partners.

PS: the NVCA has advised its venture capital firm membership of an increased “need to focus on the internal compliance procedures of VC firms with regard to the trading practices of their partners and employees.” 

ALSO, POST YOUR STARTUP PITCH ONLINE, NOW! 

GOT A STARTUP? MAKE YOUR SILICON ALLEY PITCH October 21, COURTSEY OF STARTUPALPHA.COM