Verizon Center / ESPN Report

I was surprised and disappointed by ESPN’s recent industry-wide report and ratings related to the cleanliness of professional sports venues, including Verizon Center. Since we acquired Verizon Center from Washington Sports and Entertainment six weeks ago, we have been planning and making improvements. Please be assured that we take the complaints of our customers extremely seriously, and quality and cleanliness are paramount.

We remain in the early stages of our evaluation process, and the ESPN report touched on some of the elements we have been examining and will be vigilant in improving. We will redouble our efforts immediately and review all facets of the issues identified. Once we have the facts, we will embark on remedies.

From what I understand, the ESPN report stems from incidents in 2009. These professional inspections are conducted several times throughout the year, are unannounced and are public record. When and if issues arise, we will take appropriate action, and from what I understand we have done exactly that in the past.

Aramark and Levy are our concessionaires at the arena. We have had a good relationship with both of them throughout the years, and we count on them to maintain a clean, safe, courteous and responsible service environment for our customers. Aramark recently launched a website to demonstrate and highlight their continued commitment to food safety, www.aramarkqualityfood.com.

The past couple of weeks I have talked about my plan to walk a mile in our employees’ footsteps and participate in the cleaning process. I now will step up those efforts and make this a top priority. I will personally get involved in the process and the solutions. We are on it; we’ve already started. We will move this issue from one that appears shocking to one that is a source of pride. I promise.

Familiarity Breeds Contempt

Microsoft had a blow-out quarter. Sales of $16 billion or so and a 22 percent increase year over year. Wow.

Net income was way up 48 percent — more than $4.5 billion for the quarter.

And their stock was flat after the announcements. Familiarity breeds contempt with Wall Street.

Analysts thought the stock would do well because Microsoft is a bellweather company. As the economy improves and businesses start to replenish and refresh tech infrastructure, the business would naturally get the lion’s share of the growth — which it did. No big deal they say. What have you done for me lately with the “new and latest and greatest sexy stuff?” they ask.

I am bullish though. This growth says that businesses have a lot more confidence in their prospects over all, and that Microsoft did a great job in managing expenses. And being at the right place at the right time.

Microsoft. Apple. Google. The big three in the tech community. All three companies are thriving right now. The big get bigger. The small get marginalized. Down cycles end up being good for big, at-scale companies. They cut back expenses and when the tide turns, they can’t spend fast enough to eat margins, hence profitability soars. Good on them. We need a strong tech community. We need lots of growth and profits from industry leaders.

Hottest DC Companies

I am also pleased and proud to see SBNation, Clearspring Technologies, and TidalTV all on the list of hot DC companies. I am an investor in all three of these concerns. I don’t know why SnagFilms (another one of my companies) isn’t mentioned here as it is based in DC as well and is growing like a weed.DC is home to some great and fast growing start ups with great founders and entrepreneurs. Click here for the complete list.

Salt

I liked it and Leonard Maltin liked it too. Read his review here on the indieWIRE network.

Two for two on the major studio movie fare this summer for me. I loved “Inception” and I liked “Salt.” You will too.