If Arrington had any sense he would have kept quiet and not divert attention to a debacle through TC at the cost of start-up community.
If Arrington had any sense he would have kept quiet and not divert attention to a debacle through TC at the cost of start-up community.
In Arrington's case, he gave the world a front-row seat in a meeting where the participants thought they were in private -- this is a very good thing in my opinion. With few exceptions, transparency is a win for society and business because it keeps people honest.
Arrington's report puts the "secret-meeting participants" on notice that they can't get away with this kind of thing, and it also alerts entrepreneurs to watch out for it. Both very good things.
All the drama will probably blow over in a few days, and in the end both the super angels and entrepreneurs will be better off for this ethics-check having occurred.