Om Malik, former Time Inc. reporter and founder of tech newsletter, event, and research empire GigaOm, retired today to devote his time as a tech investor to True Ventures. He's following the trajectory of former tech journalist Stewart Alsop, who skipped from PC Letter and InfoWorld to NEA and then his own VC firm, Alsop Louie. And of course, there's the reluctant full-time VC, Mike Arrington, founder of Techcrunch and Crunchbase, its profitable research arm, who was forced by his new boss Arianna Huffington to quit the open conflict-of-interest journalism he practiced and become a full-time investor.
There's also the Techcrunch flotsam, former reporter M.G. Siegler, who probably saw a better chance at making his own fortune by joining Google Ventures rather than reporting on the success of others. The desire to make gobs of money based on insider contacts and the knowledge of how many startups have done so might become the postmodern path to gold for the modern-day journalist.
When will we see Re/code Investment Ventures?
Perhaps former journalists might want to join forces and form their own venture fund: Jaded Journo Investments. I'd invest in that.