This post references its original parent in Pando Daily. I'm surprised there is no disclosure in Pando Daily that investors in Pando Daily such as A16Z, Founder's Fund, Peter Thiel are also investors in Lyft. I think it is only fair that every post in Pando Daily should carry that disclosure so that readers are fully aware of the connection. Why isn't this not called out? I just read a post in Medium which is rightfully questioning the motivation of these media posts absent the disclosure. https://medium.com/@PersonofAwesome/buying-news-coverage-and... We need more transparency from the media outlets.
The truth is that VCs don't invest in the media outlets because they are going to be the next Facebook or Google. No, instead they invest in the media outlets because it helps them promote their investments. There simply is no reason to invest in media outlets for the direct ROI upon exit. They will never be worth enough.
