Wired Magazine has unmasked the man behind TheFunded (a website that allows entrepreneurs to rate VCs), Adeo Ressi.
Ted says that he’s not out to punish venture capitalists. He just wants to refocus them on what should be their goal: “backing savvy entrepreneurs to move the fundamental technologies of humanity forward.” And some of TheFunded’s readers say they get more out of the site than a mere chance to vent. Stephen Bell, founder of a video-shopping site called ShangBy, says he used TheFunded to research VCs before meeting them.
TheFunded looks like an interesting resource for entrepreneurs though it looks like some VCs have spent some time stuffing the ballot box (small shops with tons of reviews versus the big guys with relatively few). It’s pretty ballsy to run the site and come clean. As a serial entrepreneur I guess Adeo realizes the risk he take by sticking his tongue out at the venture capitalist community.
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