The title has a double meaning, of course.
From Tech Crunch’s Michael Arrington, on GigaOm’s acquisition of a wireless blog:
I’m sticking to my argument that blogs should get cash positive and then start to acquire others - raising a slug of money just gives people an incentive to spend it, and you lose control to a group of investors who may know little or nothing about how to build a blog.
Replace blog with any content site and I agree whole-heartedly. It’s nothing against VCs, but let them stick to technology startups… they’re doing a helluva great job at that, after all.
I think Arrington at some point tried to raise VC and realized that it would be imprudent, and he’s now wiser for it. Sort of like someone I know.
Congrats to Om and his team for the acquisition though.
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