Prominent social media VC says Twittergate is a 'disaster'


As you would expect, no one wants to go on the record about a subject such as this. But one prominent social media VC let it all hang out when asked about Twittergate. The VC, who was closely involved in transactions involving MySpace, and is an active investor in the sector, blasted Twitter's management on multiple counts, making it clear that if this were his portfolio company he'd be plenty pissed. Highlights from the interview with DailyFinance are below:

On management credibility: "Overall, this really hurts management's credibility -- total disaster. It makes Ev and his team look like a bunch of rank amateurs. That they were dumb enough to put all this information in a cloud in GoogleApps with a password that anyone can figure out is not brilliant and bordering on criminal stupidity."