Where I draw the line on transparency

A reporter sent me an email yesterday;

Fred, are you investing in seesmic?  We’ve been covering the company a lot.

First, no we are not investing in seesmic, at least not any time soon. Loic has plenty of money and fantastic investors. He doesn’t need money. He needs more users and he’s going to get a bunch more when I get to sending out all the invites you all have requested at some point this weekend

Second, I would never disclose that we are considering, making, or have made an investment on this blog or to a reporter until the company has announced it

I believe the venture business needs more transparency and have been pushing that envelope for the past four and a half years on this blog and elsewhere

But deals and dealmaking is a private matter and should remain so. So please understand that some things are off limits