[Posted on October 29, 2007 - 11:51 AM]
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Does John Doerr (left) lie awake at night trying to figure out why entrepreneurs seem to prefer Michael Moritz's firm to his? Is Doerr dying to know why visitors to TheFunded say his ideas are often "out of left field and disconnected with reality," but call competing venture investor Jo Tango an "absolute prince?" Users of the Web site give Doerr's Kleiner, Perkins, Caufield & Byers a rating of 3.0, whereas Moritz's Sequoia Capital gets a 3.9. But bringing home the honors is Tango's Kepha
Partners, a Boston VC firm with a much lower profile, with a 4.2 rating.Like an online slam book for tech dealmakers, TheFunded invites entrepreneurs to anonymously critique venture capitalists. Launched in March, its postings have become the subject of many an anxious Monday morning partner meeting on Sand Hill Road. Perhaps VCs will breathe a sigh of relief on November 15, when the site's creator, known as Ted, promises to reveal his identity, as well as how the site works.
Some are betting Ted is really controversial
Mahalo.com Inc. CEO Jason Calacanis (left), although he denies it. Odds are that it's someone we
never heard of, but I think it'd be more fun if Ted turned out to be, say, Digg
Inc. founder and disrupter extraordinaire Kevin Rose (right), as has also been suggested. - Mary Kathleen FlynnSee Aug. 7 story in the Wall Street Journal
For more see PEhub, VentureBeat and Inc.com
See Tech Confidential special report on Kevin Rose
Also From Tech Confidential
- Video: Chris Coyne on 'red shoes for the rest of us' and investing beyond the bottom line
- CA provides exit for Benchmark
- 2008 breaks 31-year record for VC-backed IPOs
- Q&A: "We have always been way too arrogant," says RRE's Jim Robinson on VCs
- Video Flashback 2008: Union Square's Fred Wilson on low burn rates
It is amazing that while Adeo Ressi being paid and funded to run a company, he had the time to start and operate this venture. Any entrepreneur or executive at a startup knows that to be successful you need to give all your time, energy, and focus to building the company. The fact he was doing this on the side is acknowledgment he was cheating the company, the company's employees, and his investors.