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

Cuba Trims Down on Amount of Goods Which can be Carried by Travellers
Barclays Will Sell Its Spanish Businesses To CaixaBank In a Deal of 800 Million
Withdrawal in China’s Purchasing Managers' Index Amplifies Calls for Policy Easi
The Ukraine Mayhem Leads Euro to a Fresh One Year Low
Women who have cervical cancer vaccine avoid Pap smear tests
Kate Swaffer’s fight with dementia
Wockhardt Ltd soars after receiving QIDP status for two drugs
Future pacemakers might not need batteries
Gold Mine Collapse Leads to At least Twenty Four Trapped Miners: Rescue in Progr
IMF Gives Ukraine a Lifeline of $1.4bn
Hawaii Tourism Authority Optimistic yet Cautious About Growth in Tourism for 201
New App on Instagram Allows You to Buy What You Like Instantly