I got an email from The Correspondent this morning, the first communication since they disappeared. I contributed $25 so I could find out what contributors got. Did it ever amount to anything? TheC didn't make sense, didn't come close to earning the universal acclaim it got, or the money they raised from the people. They claimed they would open a new kind of news org in America, and when they met their money-raising goal said that was never their intention. The problem with snake oil pitches like The Correspondent, aside from the fact that they're dishonest, is that they suck resources away from ideas that might actually make news work better. This happened repeatedly in tech. A famous successful tech entrepreneur claims to have found a breakthrough, and the press gets all excited. It sucks up all the money and attention that might have gone to products that could really have helped, and then they do it again and again. People should be suspicious of grand claims, no matter who is making them. And if you, an analyst, really think you've found The One, you should get opinions from friends before you stake your rep on it. #