Technically Speaking

**** UPDATE: VentureBeat admits mistake ***** Sorry readers, this wasn’t as it seemed. Matt posted a full explanation on the post which you can find right here. Every now and again, the percentages are going to go against you. I know Matt is very concise on his writing of stories. Very precise in fact. It happens, and all I can say is that VC’s/Investors - Take note - Next time it could be the REAL DEAL.

I was doing my usual before dinner Link Blog Lock n’ Load, and I ran across this. I about spit out what I was drinking in laughter. I had to of course see the source where he made his commentary. Now it’s funny, as in the fact that I want to just scream “I freakin’ told you so!” But I won’t. It is sad, as it sets a bad precedence for other investments being made.

There are many companies out there worthwhile of investment. Companies that need that helping hand to get off the ground. These morons have just about screwed it up for everyone. It’s always the case of the one bad apple.

Now don’t get me wrong, I have nothing against porn. I have nothing against flying in black helicopters on the company dime. What I find wrong is that if you want to buy porn, don’t buy it on the company dime (idiot). Or if you do, make sure you can at least do the crime correctly. If you want to steal company money, steal it in a totally shady way.

Yes, I see both sides of the coin at all times. Not against porn, not against the perks of the executive life. I’m just against stupidity and this has to be the epitome of it. I mean honestly, don’t you think that if you bought porn on the company funding, you would be smart enough to hide it in a paperwork shuffle?

Technically Speaking, I once wrote a post questioning the investment process. I said something to the extent of “it’s about how many tequila shots you can get the VC to drink” - I was flamed on that pretty hard in my comments. Hmmm… looks like I knew just a little bit more than that person. My words are probably a lot closer to the truth than meets the eye. Personally, I would have bought some real estate.