Tag Archives: Titanic

How VC blogger Paul Kedrosky pumped up HedgeStreet to his gullible readers in 2006, and later failed to update them with the hard fact of its (de facto) bankruptcy. Why telling the truth to readers when it’s easier to tell them fairy tales?

Posted on May 5, 2008 by Chris F. Masse

- Paul Kedrosky was all excited, in April 2006, to tell his gullible readers that HedgeStreet received another round of funding —adding all up to $24.9 million. – And just 18 months after Paul Kedrosky’s pronouncement, HedgeStreet (v1) ate the … Continue reading →

Posted in Analysis (Industry), Business, Ethics, Exchanges & Markets | Tagged bankruptcy, HedgeStreet, Paul Kedrosky, prediction markets, Titanic, USD, VC | Leave a comment

“Ask anybody who suffered the recent bloodletting at HedgeStreet: CFTC regulation can impose crushing burdens. It has nearly driven that innovative business into the ground.”

Posted on May 2, 2008 by Chris F. Masse

That was Tom W. Bell, of course. And 5 months after Tom W. Bell’s pronouncement, HedgeStreet v1 ate the bullet and bellied up. – - Doctor Pennock, isn’t “pragmatism” to take into perspective the hard facts povided by: the bankruptcy … Continue reading →

Posted in Analysis (Industry), Exchanges & Markets, Regulations | Tagged bet markets, BetFair, betting markets, CFTC, event derivative markets, event derivatives, event futures markets, HedgeStreet, prediction markets, Titanic, Tom W. Bell, UK Gambling Commission | 3 Comments

Tag Archives: Titanic

How VC blogger Paul Kedrosky pumped up HedgeStreet to his gullible readers in 2006, and later failed to update them with the hard fact of its (de facto) bankruptcy. Why telling the truth to readers when it’s easier to tell them fairy tales?

“Ask anybody who suffered the recent bloodletting at HedgeStreet: CFTC regulation can impose crushing burdens. It has nearly driven that innovative business into the ground.”

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