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Nic Brisbourne’s view from London on venture capital and exploiting change in technology and media
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Venture fund tries to sue entrepreneur who left negative comment on The Funded - bad idea

Started by brisbourne · 6 months ago

VentureBeat reported yesterday that venture firm EDF is attempting to take legal action against an entrepreneur who left a negative comment about them on VC review site The Funded. The entrepreneur advised against dealing with EDF ‘unless you are desparate’.
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3 comments

  • I can believe that a company would even try such drastic tactics. The legal action itself casts a bad reflection against the company. That's one! Number two is...we as consumers don't have the right to give our opinion any longer. Come on!!
  • I think a lovely example of "nowhere to hide" is the current WrapIt meltdown.

    For those that don't know, WrapIt is a wedding list servce that went into administration at the start of the month.

    These disgruntled customers set up a forum http://www.wrapitcustomers.com/popular/all and *then* found links to a management conusltancy news site that alleges that directors got some loans paid back a few weeks before the company went bust. This information would only have been available to specialists ten years ago.
  • You can't hide on the internet. Transparency is good for good business and maybe it's about time that some VCs were made to feel more accountable too.

    If I was inclined to nip over to The Funded now and leave comments about VCs, man, I'd be there all day ...

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