monitor110

Monitor110 investor snippily confirms Draper Fisher Jurvetson's backstabbing

Nicholas Carlson · 08/08/08 04:00PM

Roger Ehrenberg wrote a popular post-mortem on Monitor110, a news aggregator for investors he'd backed. It burned through $20 million in funding before finally dying this summer. We'd learned that Ehrenberg had omitted a key detail from his history of the company — that it had sought a bridge loan from Draper Fisher Jurvetson, a VC which had invested in the company, gotten a promise of the money, spent it, and then seen DFJ renege on the loan and fund a competitor Skygrid instead. We contacted Ehrenberg for comment before running the story, and he passed up an opportunity to deny any of the facts. We ran the story. Now Ehrenberg writes: "Few things irk me more than shoddy journalism, lousy research and bad intentions, and these three neatly came together in a piece by Nicholas Carlson published today in Valleywag." He then proceeded to confirm everything we reported. "Here are the real facts," he writes: