TheFunded releases list of ‘blacklisted’ venture firms

.

Based on a specific algorithm, and member complaints, used by founder Adeo Ressi, a list of `blacklisted' venture firms has been released by TheFunded - the site that provides for incognito review and rating of venture capitalists by entrepreneurs.

Saying that the `blacklisted' VCs would be banned from the site's leaderboards, Ressi specified the three reasons that were taken into account for blacklisting a firm - namely, suspicious reviews by CEOs in their portfolio; threat of legal action to TheFunded members; and incapability of making new investments.

While the long list of venture firms blacklisted due to suspicious reviews includes names like Alsop Louie Partners, Bay Partners, Benchmark Capital, and Clearstone Venture Partners among others; the ones blacklisted for legal threat includes EDF Ventures, GreenHills Ventures, and

IFC Ventures; and the firms blacklisted due to lack of new investments includes Appian Venture Partners, ArrowPath Venture Capital, Blueprint Ventures and Centennial Ventures.

All the blacklisted firms would remain in TheFunded's database, with their profiles flagged with marked warnings. While firms on the suspicious reviews list will be cleared after a 90 to 120-day period; those on the legal threats list will be removed after 90 days after the last threat or dropped lawsuit; and firms on the lack of investment list will be cleared after the submission of investment proof in the last four weeks.


Latest News

Minimum Wage for Tipped Workers Raised in New York
Office Depot and Home Depot Reports Better Than Expected Earnings Results
Attorney General Eric Schneiderman investigating the Selection Process of Casino
Barack Obama Calls for Stricter Standards for Brokers Advising on Saving Plans
Chefs of SoDel Concepts Restaurants Turn Girl Scout Cookies into Innovative Dess
Valeant Pharmaceuticals International Inc. to Acquire Salix Pharmaceuticals Ltd
Investors will be All Ears to Janet Yellen as she Testifies before the US Senate
Proposed Merger of Sysco and US Foods faces Strong Opposition
Procter & Gamble to Discontinue About Hundred of Its Brands by Summer
An Entrepreneur Predicts: Apple will buy Tesla Motors in Eighteen Months
A Federal Judge in the U.S Finds American Express Guilty Of Antitrust Violations
First Phase of Repair of the Washington National Cathedral has Finished