I linked to the story of the guy who stole his own father’s credit cards to start a business, something that violates the nature of Credit Card VC.
There was one bit of the story that bothered me, however, and it was that the story originally broke in the Phoenix New Times, parent company of a newspaper I once toiled at. In the years since I’ve left I’ve seen that the New Times company has gutted investigative reporting in Denver, and all over the country including at the Village Voice in New York City.
So the thing that didn’t quite make sense for me about the story was that the original investigative reporting came from the New Times.
Now, thanks to Mike Arrington, we know the rest of the story. The only way the New Times was able to do an “investigative” story was by pasting together an anonymous email, probably from the credit reporting agencies who might lose business if this company does well.
I’m not saying Maynard is a saint, but if that company takes away a bit of business from the big three credit agencies, I have no beef with that; and Maynard is gone.
My other takeaway? Thanks goodness for the Interweb, and especially guys like Arrington who are willing to pull back the curtain a bit on the way the media works.