Discover what VC firms are really like

Discover what VC firms are really like - http://www.businessweek.com Avatar Posted by ArmadaIG under Raising Capital
From http://www.businessweek.com 4267 days ago
Made Hot by: digitalsmash on January 14, 2008 7:11 pm
This is about the guy who started TheFunded.com, a Web site that lets entrepreneurs anonymously rank, review, and post comments about venture capital firms. Not only can you use the site to find VC firms, but you'll get the inside scoop of how they'll treat you.

Here's a snippet that I really liked:

"Still, many VCs are infuriated by TheFunded. Critics say the site lets disgruntled entrepreneurs unfairly vent their frustrations behind a cloak of anonymity.

Ressi has never bent to such criticism. In fact, he's planning to go even further in exposing the inner workings of the venture world. Next week he plans to launch an addition to the site that will allow entrepreneurs to post the sensitive information contained in their venture financing offers. These contracts, most often signed with confidentiality agreements, include crucial details such as liquidation preferences and redemption rights. Ressi says the step is necessary to expose the increasingly onerous terms being written into deals. But he admits, "even my lawyers are a little nervous." "





Comments


Written by ureach
4267 days ago

Someone needs to start the same thing for banks and rich uncles. I know that mine would score low -- both.



Written by TerryJackson
4267 days ago

Okay, I'm not even interested in VC and I think this is an awesome idea!



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