What happens when you discover the VC who knocked your pitch cold is a jerk and did it more out of habit ? You go ahead and rate her.
That’s exactly what TheFunded.com wants you to do.
It invited entrepreneurs to post to its web site ratings of venture capital firms. After collecting more than 500 reviews, TheFunded.com released a list of the top five venture firms worldwide. Bruce Cleveland, partner with No. 1-ranked InterWest Partners, based in Menlo Park, California, said the site fills a gap for entrepreneurs and evens a one-sided relationship.
TheFunded.com named Clearstone Venture Partners of Los Angeles (“a refreshing firm to work with”) No. 2; No. 4 was given to First Round Capital of Pennsylvania (“smart seed investors”); and two Menlo Park, California, firms tied at No. 5, Trinity Ventures and Sequoia Capital (“all value, no BS” and “rules the VC world” respectively).
I think this is one helluva’ way for getting back at VCs who are just plain incompetent to assess the worth of refreshing ideas pitched up to them. How many VC firms do have the guts and courage to confess in their website an anti-portfolio like Bessemer does ?
That clearly shows a VC is only as good as his last investment. There’s never been another way, except back channels, for people to get a taste of venture firms.