TechCrunch50: $3.5 million x Disingenuous
inquisitr.com
inquisitr.com
"But here’s my issue, and this is what I told Stone when I was asked: if this is really all about startups, and doing the best for startups, they wouldn’t be running it the same time as DEMO, and they wouldn’t be trying to "kill" DEMO as Jason Calacanis so nicely puts it. If they were serious about putting startups first, they would be focused only on creating more opportunities for startups to be discovered, and they’d allow their event to stand on its own merits without the need to constantly trash talk the opposition. Are we not better off as a web community having both DEMO and TechCrunch50?"
It would seem that both conferences could co-exist profitably and benefit the startup community. See also http://news.ycombinator.com/item?id=154424
They are becoming victims of their own success and have some need to keep the floodgates from coming down on them and taking away from the value they intend on delivering. Too many sponsors, too many products and an overloaded venue (which would also make their wifi gripe even worse) all would make the conference worse.
If they were truly out for the startups and themselves... turn this event into a funding opportunity, where a larger sum of the money is not just given to the winner, but turned into some sort of angel funding. Arrington and Calacanis are avid investors, so put some of these profits to a mutually beneficial cause. That would be a change to the model! Otherwise, they will turn into another DEMO.
I agree with them DEMO drama - but I'm one to avoid social drama. Jason Calacanis, it seems, isn't. That's fine, he's the founder of the show, more power to him.
And as long as there's competition, everyone will benefit to some degree. Let's just try to lower the drama level a bit.
I'm no fan of either of them, but I don't think it's appropriate to publicly write a bunch of weak arguments against someone trying to make money by selling a service that people obviously think is useful.
Of course, I (mostly) love valleywag, too.