BizOrigin - The Art of Business

Hot companies: The innovation, The people, The money

The Fundas of The Funded and The Funders !

A new site called the TheFunded.com has just launched that rates venture capitalists, giving entrepreneurs different type of information about the VC firms.

Considering the venture funding process is still secretive, and there is limited public and/or objective information about venture capital firms (and their individual partners) the information might be helpful.

There is some quantitative information available on a few of the funds (SDC Platinum and other databases) but a central place for qualitative information about the people and process behind the VC groups is still lacking. You hear a tidbit here and there and here, or can see a visual map by linksview blog but a meeting place that has exceeded the critical mass would be welcome.

My concern here is that the “reputation” of the firm has very often have no relationship with the “reality” of the firm. I can name several VC firms where my perception of a particular firm, which I had gleaned from talking to others in the field, was proven to be completely off base when I actually interacted with them in real time.

This reputation process has been tried in the dating context without much success. As ouriel ohayon quipped:

Although at the end of the day, like in dating sites, you don’t know what you get until you are married and signed the papers. And even then…

So true!

Michael Arrington noted in his Techcruch blog, that since most startups are turned down for funding, there will be a tendency for people to leave negative comments. I actually think that since the postings are not anonymous, most of the comments will be extra positive.

Also a note of caution: TheFunded was started by an entrepreneur who says he was really “burned” by a VC firm. So make sure to bring some salt and some A1 sauce when you are reading the site.

Although I haven’t used it, the InsiderVC.com has similar service and it will be interesting to see how theFunded.com evolves.


Share: del.icio.us:The Fundas of The Funded and The Funders !  digg this:The Fundas of The Funded and The Funders !  wists:The Fundas of The Funded and The Funders !  newsvine:The Fundas of The Funded and The Funders !  blinklist:The Fundas of The Funded and The Funders !  furl:The Fundas of The Funded and The Funders !  reddit:The Fundas of The Funded and The Funders !  fark:The Fundas of The Funded and The Funders !  blogmarks:The Fundas of The Funded and The Funders !  Y!:The Fundas of The Funded and The Funders !

March 15th, 2007 Posted by Sunny Kalara | Venture Capital | 4 comments