How much did Tumblr’s VCs really make?

finance.fortune.cnn.com

38 points·daegloe··6 comments

Kind of weird when both one of the top VCs (and someone involved in the transaction) comments on Hacker News, and CNN picks it up. I thought all of this was kind of inside baseball at best.

Make no mistake, you are here commenting in an elite forum of digital movers and shakers. If that idea makes you laugh, then just think what that says about CNN's sources for other subjects.

But it's not like it's some "real" CNN writeup. It's Dan, and it's Fortune. Dan is currently my favorite inside baseballer in VC-land. He actually knows his beat really well. Apparently Fortune (TW owned) eschewed its own domain (much like ESPN did in favor of espn.go.com).

For instance... this piece about the Midas List was a really well balanced look at the issues with Forbes' list.

http://finance.fortune.cnn.com/2013/05/09/fools-gold-in-vc-l...

Dan knows his stuff.

>In short, the Privco report is a load of Yahoo.

I can't comment on him knowing his stuff since I'm not familiar with his work, but I definitely like his style ;)

To be fair, Fred Wilson is highly followed on Twitter, journalists follow key people on Twitter, and Fred tweeted the direct link to Hacker News and his statement from Twitter.

It's not as if CNN are sitting on HN and other sites omnipotently following and making sense of everything... they're following twitter and the information is revealed there and then they click the link to see what the fuss is about and whether there is a story.

https://twitter.com/fredwilson/status/337144796420390912

Finally, Primack debunks this bullshit PrivCo report.

Thank god.

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