The Crunchies. The Who'sWho on the Catwalk.

Posted December 22nd, 2007 by agentbleu

When TC announced it was having a competition for the 'best new startups', I immediately smelt a rotten egg. Well that egg just turned into a corpse that rightly belongs underground! I mean the stench of it.

I've seen it all before, so I'm not at all surprised, but I do feel for all the wannabe startups that entered, spammed their friends, family and their user base, begging them to vote, and just got bummed big time. Not only did they get whittled out but in their place is a hand picked selection that were probably on the roster long before the so-called nominations even started, and adding insult to injury the real startups were implied to have been fraudulently voting for themselves and had to be 'stripped out'. I bet they liked that remark MA!

There is not one unknown startup on the list of 'nominees' (I use the term very lightly), the finalists are simply a list of all the main boys currently prancing about on the catwalk, all with millions in backing and all Madonna's in the VIP room.

It's a sham, none of these companies are new finds or small startups. It is simply a VC backed and sponsored manufacturing of who WILL be the winners, decided by hedge-fund money that was made at the rest of the worlds expense.

The dotcom orgy has been quietly forgotten and now we are in the 'keep the party going' mode. But underlying this pep talk and upbeat celebration of corporate finance bulling its way into the tech sector is a deep crises lurking that promises to ensure that the dead pool will be the most successful new venture of the year.

So what's under the table? The Dollar is in sharp decline to the point that the currency no longer being accepted by many (even catwalk supermodel Gisele Bundchen wants to be paid for her modeling and sponsorship gigs in euros), and most importantly of all oil traders are looking very seriously at a switch from the Petrodollar to the Euro. Hugo Chavez continues to embrace real democracy all the while america is heading for yet another rigged election. The war on Iraq is in good shape costing millions in lives and blood while the barrels are smuggled out on war ships and to top the lot the bottom just feel out of the US mortgage market. So lets have a celebration for all those hedge funds dollars at the Herbst Theater shall we!