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Guys, this is an under-informed and reactionary post, which grossly simplifies the situation in a way that is insulting to Dropbox, TechCrunch/AOL, CrunchFund,
by 10char 14y ago
Guys, this is an under-informed and reactionary post, which grossly simplifies the situation in a way that is insulting to Dropbox, TechCrunch/AOL, CrunchFund, and the Mailbox/Orchestra team. It's also kind of upsetting that this post is at the top of HN and getting a kind of froth-at-the-mouth reaction that it is.
It's well-known and indeed massively controversial[1] that there's a CrunchFund/TechCrunch conflict. Arrington left TechCrunch because of his desire to return to investing about a year ago[2], after the short stint at doing both journalism and investing in parallel. According to CrunchBase, this was coincidentally the same month that CrunchFund invested in Orchestra[3]. Both he and MG returned in October 2012[4], but both have hardly written any TC pieces since then. Why? Probably because they're quite busy with their day jobs running CrunchFund.
Additionally, on many posts with CrunchFund conflicts, they have been called out at the end of each article (see http://techcrunch.com/2011/06/30/andreessen-horowitz-adds-jeff-jordan-as-partner-leads-5m-likealittle-series-a/ http://techcrunch.com/2011/06/30/andreessen-horowitz-adds-je...). They probably have been a bit lax about that as of late since the CrunchFund guys aren't really involved in TC (compared with the often torrential output of most other staff writers).
TechCrunch coverage did probably get Mailbox some users, and CrunchFund as a VC probably did add some value to their company, but the effects and importance of TechCrunch itself are wildly overstated. Probably more important is that the Mailbox/Orchestra team is top notch at making incredible mobile products (Orchestra won one of Apple's Top App award in 2011 http://blog.orchestra.com/orchestra-is-productivity-app-of-2011-in-the http://blog.orchestra.com/orchestra-is-productivity-app-of-2...), had hundreds of thousands of active users within a very short amount of time (with only a tiny insignificant fraction of those coming from TC), and Dropbox can probably provide a better home for a lot of the Really Hard problems with email at that kind of scale.
Like I get why OP seems alarmed, but it's pretty naive to think that TechCrunch matters in any important way to the success or financial outcome of a company. Just read about the "TechCrunch pop"[5]; their users rarely not stay with or give lasting value to a product. If you want to belittle the astounding accomplishments of the Mailbox team, at least don't pick something like TechCrunch to do it over.
[1]: http://www.nytimes.com/2011/09/02/technology/michael-arrington-techcrunch-blogger-to-invest-in-start-ups.html?_r=0 http://www.nytimes.com/2011/09/02/technology/michael-arringt...
[2]: http://www.adweek.com/news/technology/michael-arrington-leaves-techcrunch-134791 http://www.adweek.com/news/technology/michael-arrington-leav...
[3]: http://www.crunchbase.com/company/orchestra http://www.crunchbase.com/company/orchestra
[4]: http://techcrunch.com/2012/10/23/getting-the-band-back-together/ http://techcrunch.com/2012/10/23/getting-the-band-back-toget...
[5]: http://viniciusvacanti.com/2012/11/19/the-depressing-day-after-you-get-techcrunched/ http://viniciusvacanti.com/2012/11/19/the-depressing-day-aft...
- mattmaroon 14y agoIt's also a little insulting that OP thinks Dropbox is stupid. They paid $100m (or whatever the number was) for a lot of reasons and I'd suspect that TechCrunch really likes Mailbox isn't one of them. I'd suspect the number of people on a wait list isn't near the top of the list either.
- analog 14y agoNumber of people on the wait list is kinda significant. Call it a marketing list if you want and you'll realise there's definite value there.
- loganfrederick 14y agoI don't think the parent is saying there's not value in that wait list. I think he's saying that Dropbox probably valued the team, Mailbox's standalone potential, and potential synergies more than just the "marketing list".
- mattmaroon 14y agoBoth really. Whatever monetary value you would put on that marketing list is tiny compared to the reported sum. Give me a few hundred grand and I'll get you that good of a mailing list. Dropbox doesn't need to spend 10s of millions on that.
- damoncali 14y agoYup. It's not like they paid cash. I would be shocked if that price tag was not mostly stock, and tied to future performance. Details matter here, and everyone getting in a huff over something they really don't know about is just wasted emotion.
- zenocon 14y agoFrom the standpoint of the little guy trying to get his product / service heard, this kind of thing can be pretty irksome. Someone else linked to this orgasmic description of the mailbox service going down: http://techcrunch.com/2013/02/14/with-20-of-reservations-filled-mailbox-goes-down-so-you-can-enjoy-your-valentines-day/ http://techcrunch.com/2013/02/14/with-20-of-reservations-fil... -- meanwhile in the comments, someone mentions that there's an app called TaskBoxApp that solves the same problem and is 100% client side so doesn't suffer the privacy concerns. Has TC ever mentioned that one? http://techcrunch.com/search/taskboxapp http://techcrunch.com/search/taskboxapp I don't read TC, I don't have any affiliation with any of these apps, but I find this kind of behavior really ridiculous. There can be no doubt that the front-page coverage of Mailbox contributed to an increase in signups. The Dropbox acquisition is what it is -- I'm sure they can value an investment despite its hype or overhype.