"I was minding my own business last night when I got the note below from a respected investor," disgraced Wall Street analyst Henry Blodget recently wrote on his blog. That investor is almost certainly Silicon Valley titan Marc Andreessen, shitting on the Washington Post's erstwhile publisher—and his fellow Facebook board member.
Blodget's correspondent has some clear grievances with the way the Grahams ran the Post:
I can't take it anymore. All of this high-minded windiness on the Post, the Grahams, journalism, democracy, etc.
and goes on to attack the paper's advertising strategy:
These are bottom-of-the-barrel remnant ads. They degrade the user experience, and are essentially consumer fraud on top of that.
And that's the best they can do for the main ad on their home page.
What we have here is not a story of the decline of newspapers in America blah blah blah. What we have here is a story of basic business incompetence.
Blodget didn't do a very good job of masking the identity of this "respected investor"—the tipster goes on to praise the business prowess of one "Hubert Burda, [who] was the first media CEO to proactively visit a little Silicon Valley startup called Netscape and has built an amazing digital business since." Andreessen's ties to Burda go are well documented, and in 2011, he made an almost identical statement:
"You were the first major media CEO to take us, and the internet, seriously!" says Netscape Co-Founder and Silicon Valley investor Marc Andreessen about Hubert Burda.
Besides, who else but Andreessen would cheekily refer to Netscape, his former company, as "a little Silicon Valley startup"? Look, Marc, this is probably something you and Don should work out at the next board meeting—or at a bar, or really, anywhere other than a Business Insider post.
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