Posted by The Founding Member on 2009-03-20
In response to overwhelming Member demand, TheFunded.com has introduced a list of banned investors and added functionality for Members to ban funds. Any banned investor will have their organization and team members removed from all leaderboards on TheFunded.com, though information on the investor will still be available by search with a warning message posted to any readers. Offending investors have already been deleted from this week's top rated VC list.
Investors are added to this 'blacklist' for one of three reasons (1) suspicious review activity, (2) not making new investments, or (3) threatening Members or TheFunded.com with litigation. Funds with suspicious reviews, normally resulting from CEOs being pressured to write positive remarks, will be automatically cleared from the blacklist after 90 to 120 days. Funds marked as not making new investments can be cleared from the list by sending proof of a completed investment in a new portfolio company within the last four weeks. Lastly, any fund threatening legal action will be cleared from the list within 90 to 120 days of the last threat or the lawsuit being dropped.
In these difficult economic times, the stakes are higher for everyone. It is critical to have accurate information available to all parties, from limited partners to entrepreneurs. TheFunded.com asks all 10,786 Members to eliminate investors that do not warrant a place on the leaderboards. Share the information that you have today, and let us really know who is good, who has money, and who has the right intentions. Enjoy!
Members, read the Private section for some simple banning instructions.PRIVATE: Members Only (852 Characters)