Transparency

I think there was a collectively “ouch” heard throughout the PR world this morning when they learned about the WagEd/MSFT/Wired incident. Since I am posting this late and there’s been enough speculation on how this impacts stories, etc. I will spare you my opinion. What’s more interesting to me is the different platforms that all parties involved have to respond to the situation. Had this occurred before the world of blogs, WagEd would not have the forum to provide their thoughts. And it’s likely that Wired wouldn’t have used valuable magazine space to write about it. I guess that it’s all about transparency…

Interesting Data

Some interesting data out today… A study done by Global Insight estimated that over the past 35 years, US companies that received venture capital had accounted for:
-10 million jobs
-$2.1 trillion in revenue in 2005 -- representing 9% of the total private sector workforce , which also represents 16.6% of the total U.S. gross domestic product

According to SF Gate – the bottom line is that venture backed companies that survive grow into market leaders.

We concur.