So the TechCrunch50 is about to happen in early September. One of the judges that will be rating/reviewing the companies is Henry Blodget. While Mr. Blodget is a smart man, no denying that, he has also committed securities fraud and has been banned from the securities business for life!!!!
Mr. Blodget did settle without admitting guilt, but if you didn’t do something shady, why would you settle and take a lifetime ban…? What did he do… well, he said one thing as an analyst, and in emails said the opposite (good investment by mouth, bad investment by email). So if he’s been caught doing this before, why would you trust him? Kind of like the old “bait and switch”….
What makes matters even worse is that no where on the site for TechCrunch50, in the blurb, or even in the CrunchBase listing does it tell the truth… It does espouse about his accolades in the securities business, but it doesn’t mention that although he was voted/rated/ranked as one of the top analysts, he is now banned from the securities business for life…. That’s not a good thing!