When the author revealed that he's invested in one of the companies being profiled, he lost credibility immediately. There used to be a concept called "conflict of interest" that journalists and media paid attention to.
It's especially ironic in this case, given the subject matter. The supposed point of this piece is that some companies are shying away from publicity, yet the article itself seeks to publicize them. It's almost like the humblebrag of publicity: "These guys begged me not to write them up in a national news outlet!"
I'm sure the companies mentioned are interesting, and that the founders deserve the success they've achieved. And the author raises some good points about substance vs. signaling. But the self-interest in this piece is naked and jarring.
Stinks for you since such people are in a good (the best?) position to comment. That the disclosure was so naked should make you even more comfortable.
How is this anything more than a self-interested puff piece? (As an investor, the founders' success is his success, right?)
The topic is an interesting one, and an article exploring the net impact of under-the-radar companies versus the high fliers on the Silicon Valley, US and global economies, particularly one that presents some data, could be very enlightening.
i would argue for the opposite of this article - it serves the public's interest for successful companies to be known. we might want to become customers. we might learn something that applies to our business. it is a public good to know where power and influence lies. and it is good to know so others will compete with them. :)
i think the reason why a lot of firms shy away from publicity is that if you're making money, you don't need people to know about it - can attract competition.
a lot of the publicity heavy firms are profitless - they hope to make money based on users or attention.
I don't think you're arguing for the opposite of what I'm proposing and I agree with you. I would just like to see some substance, whether in broad terms of the overall market or a narrower look at specific firms.
Notably, the article didn't state whether EdgeSpring was profitable yet. If its only "success" so far has been its acquisition by Salesforce, that could explain why nobody has ever heard of it.
It's especially ironic in this case, given the subject matter. The supposed point of this piece is that some companies are shying away from publicity, yet the article itself seeks to publicize them. It's almost like the humblebrag of publicity: "These guys begged me not to write them up in a national news outlet!"
I'm sure the companies mentioned are interesting, and that the founders deserve the success they've achieved. And the author raises some good points about substance vs. signaling. But the self-interest in this piece is naked and jarring.