Posted by The Founding Member on 2007-10-10
TheFunded.com is starting to build a review system for partners in venture funds. TheFunded.com has reviewed all of the advice on how to accomplish partner reviews, and there is a plan below. Before the plan is implemented, please add any additional and final Feedback to this post. There are four parts to the new review system: a quick review, partner specialty, a detailed review, and, as usual, commentary.
(1) Quick Review: This will be a quick button click next to the partner's name, operating similar to the Agree / Disagree feature with four options:
--- Avoid, Thumbs Down, Thumbs Up, Recommend
(2) Partner Specialty: Members will be able to edit a comma separated list of industries and markets that the partners specialize in, allowing for further industry searching.
(3) Detailed Review: For Members that want to provide more information on a partner, they can choose to rate the partner on the traditional 1-5 scale across five categories:
--- Accessible / Responsive: Does the partner respond quickly in good times and in bad"
--- Trustworthy / Fair: Is the partner honest and fair in company dealings and term negotiations"
--- Operational / Helpful: Does the partner proactively and positively contribute to the day-to-day running of the business"
--- Connected: Does the partner have good connections that are leveraged for the company"
--- Seniority: Is the partner senior enough to make and push fund decisions"
(4) Commentary: Like usual, Members will be able to add commentary on the partners.
A lot of Members have requested a partner review system, and it will be the backbone to searching for funds by industry and specialization. Let us know your ideas in the Feedback.
Enjoy!PRIVATE: Members Only