Startups Bite the Hand That Feeds Them

The Wall Street Journal had an amusing piece about TheFunded.com yesterday, a site where startups can write what they really think of the VCs they’ve met and/or done business with.  My favorite bit was the opening line:

Howard Hartenbaum, a partner at San Francisco venture-capital firm Draper Richards LP, was recently taken aback when an entrepreneur anonymously called him "rude and arrogant" on a Web site.

I know many of our startup members are already participating in this site (some using pseudonyms).  Like anything on the web, it can quickly degenerate into sour grapes and hate speech, but it nonetheless is providing a great service to entrepreneurs around the world that are in search of funding.  While most venture capitalists are great and honest businessmen (I’ve worked for and with several over there years), they all have their pluses, minuses and quirks and it can only help if startups know as much as possible about their new business partners before they sign on the dotted line.