Blogger: Sarah Lacy
Why it’s so great: Sarah Lacy and her band of bloggers at Pando are making an effort to become the “site of record for Silicon Valley.” Much of the staff came from TechCrunch, so they’re well sourced. Lacy conducts exclusive interviews with high profile people in tech and curates the top tech/entrepreneurship stories from other startups in the site’s right rail.
Last week Naval Ravikant went to an industry dinner. He asked a friend in the venture business how things were going. The friend slumped over in his chair, shrugged sadly and said, “The business is becoming commoditized.”
It’s an extreme interpretation, and not everyone shares it. Times have never been better for a handful of firms who are rolling in the returns, raising as much from LPs as they want and still doing business the way they always have.
But matters have also never been more polarized for the VC-haves and have-nots, and this sad-sack VC has a few people to blame. Chief among them is his friend Ravikant, whose site AngelList has dragged the stealthy, back-room world of venture capital kicking and screaming into the light — something many industry watchers never thought could be done.
And now, AngelList is doing the same thing it did to VCs to recruiters.