Slashdot Mirror
Red Herring Comes Back
alinv writes "Red Herring, once the hype bible of the Valley VC economy, has made a comeback. The site was relaunched today. They are trying to pitch the site as an Economist-style, no-bylines gig. More details on the buyout by a French company and relaunch plans here."
Having suffered through an attempt to launch a dot.com in the Spring of 2002, I find this reappearance bittersweet. Let me tell ya, in the Spring of 2002, it looked like a fellow Slashdotter was correct in believing that all the Venture Capitalists had participated in a mass suicide two years earlier. I don't think ANYTHING could get funded at that time other than a successful, working prototype of one of those silly devices that appear in IBM's ads. One of my fellow board members described things perfectly during an interchange between us: Me- "How did we go from these guys funding sock puppets and companies that literally burned piles of cash on Super Bowl ads to being unable to fund ANYTHING?" Him- "VC's are conservative sheep. They only do EXACTLY what all the other sheep are doing." And at that time, the other sheep weren't funding anything. Let's hope this "reappearance of the Red Herring" bodes well for the future. Kind of like the groundhog not seeing his shadow.
In principio erat Verbum.
Personally, I cannot think of a better way to welcome a site back other than slashdotting it on its opening day. Welcome back, Red Herring!!
p.s. Hope your server stops smoking soon!
They are trying to pitch the site as an Economist-style, no-bylines gig.
:)
If you want to read a magazine like The Economist, then read The Economist.
Never invest in an group whose goal is: "We aim to be like 'them'!"
and never invest in Sun, but that's another story...
-B