It's tough being a journalist, especially if you're covering technology and living in Silicon Valley, because it seems as if everyone around you is getting fabulously rich while you're stuck in a job that will never, ever make you wealthy. What's worse is that all these people who are getting rich don't seem to be any brighter than you are and in fact many of them don't seem very bright at all. So of course you get jealous. And then you start thinking maybe you could find a way to cash in on this gold rush. But how do you make gobs of money when your only marketable skill involves writing blog posts? [...]
Well, this is the model I was thinking about, but it turns out someone beat me to it -- it's called CrunchFund, and in the past few days we've seen the machine in action, and it is indeed a beautiful thing. [...]
This is what now passes for "journalism" in Silicon Valley: hired guns and reformed click-whores who have found a way to grab some of the loot for themselves. This is perhaps not surprising. Silicon Valley once was home to scientists and engineers -- people who wanted to build things. Then it became a casino. Now it is being turned into a silicon cesspool, an upside-down world filled with spammers, liars, flippers, privacy invaders, information stealers -- and their grubby cadre of paid apologists and pygmy hangers-on.
Hit men, click whores, and paid apologists: Welcome to the Silicon Cesspool