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Thanks, this needed to be said.
Disagree with "Keeping competing VCs, and even sometimes their own LPs & entrepreneurs in the dark about value and pricing is sometimes in their best interest": I think some old school VCs think that being intransparent can be in their interest. It's not. Liquidity and transparency are good for everyone except the guys still playing at old boys' club.
Max
Gordon Gekko 2.0: Flipping is GOOD. (aka Memo to Jason Fried: Sorry, You're Fucking Wrong.)
[clarification: i was a private angel investor in Mint's A round back in early 2007, when i was also doing some marketing consulting for the company. i was not directly involved in the Founders Fund investment in Mint's C round a few months ago. the comments below are primarily drawn from my per...
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