The Equity Kicker - Latest Comments in Venture fund tries to sue entrepreneur who left negative comment on The Funded - bad idea

Re: Venture fund tries to sue entrepreneur who left negative comment on The Funded - bad idea

Alan Munro — Fri, 15 Aug 2008 09:38:49 -0000

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 ...

Re: Venture fund tries to sue entrepreneur who left negative comment on The Funded - bad idea

ChrisH — Thu, 14 Aug 2008 05:12:34 -0000

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.

Re: Venture fund tries to sue entrepreneur who left negative comment on The Funded - bad idea

Henry Michaels — Thu, 14 Aug 2008 01:29:41 -0000

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!!