If you're not already acquainted with TheFunded, think of it as Yelp for entrepreneurs who rate venture capitalists. But there's a twist -- a throwback to the web's woolier days: TheFunded shields users' identities, encouraging them to don a cloak of anonymity. That means the reviews of venture capital firms and individual investors on the site can range from benign to scathing.
"Still a complete pompous ass," is how one poster commented about a particular investor. "We never met him, but he back-stabbed our start-up/founder and created many problems to us," goes the line about another.
Users don't care a whit about making statements like these because anonymity is on their side -- an increasingly rare luxury when even sites like Techcrunch have switched over to verified-identity systems, like Facebook's plugin comments system. It's also why maligned venture capitalists continually threaten litigation against the site, at a pace of one or two nasty lawyer letters per week. More
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