The B5media $2m

Ok, I don’t normally like blogging about stuff like this here, but this is really interesting. Well, for me at least. What can I say? I’m a sucker for hearing about controversies (I just don’t like being in one myself hehehe) 😀

I first heard the news about B5media getting a $2 million VC funding from Abe’s blog. Bloggers I know from the group are ecstatic—I mean, why wouldn’t they right? Jayvee is happy, and so are the commenters on Abe’s post about it.

Before I go on further, congratulations! Good work, B5!

I’ve been seeing a lot of “congratulations” stuff and “good work” comments within our local community, but going outside the circle, response isn’t exactly as fine and dandy. But then again, I guess that’s how life is—if you aren’t the receiving end of the $2 million funding, it’s only natural to wonder why it wasn’t you or somebody else you think “deserved it more.”

Valleywag says outright that B5media doesn’t deserve $2 million. According to Nick:

“With information overload comes opportunities on a number of fronts. The most obvious is authority.” Which b5media doesn’t have. Why not invest in someone who’s already established some of that?

There really aren’t much explanation on the post except for a few remarks on why Rick Segal “gives all the wrong reasons.” It would have been nice to see some of that though. Because right now, the impression I’m getting is a simple case of sour grapes.

B5media doesn’t have authority? The investors obviously saw something that Nick didn’t. After all, they DID invest in B5media, and not the ones he thought already “established authority.”

Pardon me for saying so, but Valleywag comes off a tad bit snooty about B5media’s $2m. A little bit elaboration on the scathing remarks would have been nice, and would justify the snooty tone 😛

Well, that’s just MY opinion. But then again, who am I to say anything? I’m not even a B-lister in whatever list they may have out there 😀

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