Hacker News new | ask | show | jobs
by andybg 3285 days ago
THIS. A million times this. Go ask pmarca too.
1 comments

pmarca and gurley hate each other. pmarca is definitely the investor I would take money from. In fact, its funny you mention him. He's been hugely useful to Lyft (and his other investments) since he's "purchased" so much "goodwill" among The Who's Who of journalists covering Silicon Valley. As John Doerr once quipped, "No conflict, no interest", and pmarca has learned this lesson well. Every investment he's made in journalism companies is a conflict of interest that earns him interest. Investing in Silicon Valley's loudspeakers has given him a steady stream of positive submarine pieces in favor of him and A16Z and unfavorable pieces against those companies that compete with his investments.

http://www.paulgraham.com/submarine.html

Thanks for the link. This is the best description of what role "PR" plays in our society.
Gurley told Horowitz to cut pmarca out and fire him.