maybe i'm mistaken, but i think the comment was made by Jonathan Nelson, who runs the Hackers & Founders meetup, not by anyone at Vidcaster (a 500 company).
also to clarify: 500 Startup is an investor in many YC companies (close to 20 at current count), so altho we may occasionally compete at the incubator level we have tremendous respect for PG & team, as well as their companies, and we would go out of our way to not talk shit about them, as well as taking issue with people who do.
Copy pasted from below:
"I happen to know Kieran Farr quite well. http://www.vidcaster.com/ was one of the first companies in our Co-op incubator. And, I have no doubt, that Kieran is going to be far richer than some reporter who still makes his living writing for a company that think that selling yesterday's news written on pieces of dead tree is a viable
business model."
Now this is just a mean comment.
Nothing against 500 start-ups. Personally I don't think either YC or any company they fund considers 500start-ups as a competitor. There are tons of incubators in Silicon Valley.
The spirit in which the comment was made was just mean, in a manner that was directly attacking the company for being a competitor to their company(or his friend's company, or however it works).
No comments about Techcrunch's conflict of interest. I am not in the know-how of how the investment tree looks like.
also to clarify: 500 Startup is an investor in many YC companies (close to 20 at current count), so altho we may occasionally compete at the incubator level we have tremendous respect for PG & team, as well as their companies, and we would go out of our way to not talk shit about them, as well as taking issue with people who do.
kisses,
dmc