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February 28, 2004
From Istanbul: on the meaninglessness of "leading" n bizspeak
Briefly as I run off to another meeting:
New idea to work on while the fund reboot languishes, vulture fund for the region.
Not interesting for you all - but having spent too much of my precious time tooling about doing some background on this, I am reminded of how vacuous the term "leading" has become in bizspeak. Every damned firm is a "leading" one. Come now!
It is always more amusing when one reads the profile of firms you know are deeply troubled, to find them "leading."
I was most amused to find a "leading" - no in fact "the leading" PE-VC firm in the region invested in a venture which I personally rejected not six months ago after I became convinced (and have subsequently confirmed) is a scam - a shell game.
Well, some due diligence boyos; I guess that is how a "leading" firm operates.
Pity I can not rant on more about that, but has connections with the ongoing unpleasantness around me old boss.
Posted by The Lounsbury at February 28, 2004 02:37 PM
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Jan-Jul 2004
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