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The Un Funded

TheFunded.com News

Posted by The Founding Member on 2008-04-07

PUBLIC:

A few people have contacted TheFunded.com about a new site, TheUnFunded.com. TheFunded.com has no affiliation with the property nor any knowledge of its operations. TheFunded.com does not condone any tool that makes it harder for qualified entrepreneurs to raise growth capital. Venture capitalists rate entrepreneurs each and every day in pitch meetings around the world, and, through this process, the majority of entrepreneurs still find it difficult or impossible to secure necessary growth capital. A number of well-known venture capitalists have proposed the idea of rating entrepreneurs, and they have clearly taken the initiative into their own hands while infringing on TheFunded.com branding and trademarks. This post will be updated as we learn more about the site origin...

Update at 5:00 PM PST: A VC just wrote in to us that his fund was able to apply, get approved, and make a post on TheUnFunded. Supposedly, the system works differently in that a moderator must approve each post before it goes live. VentureBeat is reporting that TheUnFunded is a joke, but it would then be an expensive joke to have a fully functioning ASP back-end (our system is written in Ruby on Rails, BTW). More to come...

Update on April 7: It turns out that TheUnFunded.com is an elaborate April Fool's joke. See the link below:

http://redeye.firstround.com/2008/04/...

The good news is that the VC behind the humor of TheUnFunded.com, Josh Kopelman of First Round Capital, has nicely agreed to give the domain name and the technology to TheFunded.com. Ideas are welcome for what to do with the domain. It might make sense, for example, to launch a beginner's guide to getting funding at the domain...

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