Last fall I blogged about The Funded, a website on which entrepreneurs post candid reviews of their experiences with venture capitalists. Or not.
From Matt Marshall at VentureBeat:
TheFunded has been struggling with how to handle entrepreneurs who post sour grape, inaccurate — and often viciously negative — posts about venture capitalists who rejected their ideas. Is TheFunded now assisting VCs in taking down these posts?
TheFunded’s founder, Adeo Ressi, says not at all. Rather, some of the posts are being removed under duress from venture firms — with threats of litigation. "TheFunded.com is surprised to learn that venture firms are spending money entrusted to them by their own investors to silence the opinions and constructive criticism of legitimate founders and CEOs," he wrote in a statement.
Matt provides lots of interesting examples.
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