Comments on: Start-up Gossip Site Sued by Disgruntled VC Firm

By: XtrEM3

XtrEM3 — Tue, 19 Aug 2008 16:59:31 +0000

cliche’s aside, it’s free speech. the guy is merely voicing his opinion, since when was that illegal?

By: used1

used1 — Tue, 19 Aug 2008 13:08:02 +0000

The problem here is that every company that goes to a VC signs a confidentiality agreement, that they will not reveal information regarding the transaction with anyone not even anonymously. So the VC certainly has a case against the entrepeneur, but would the courts allow this right to extend into the realm where the anonymous post was made? Bound to be a long battle.

By: lukemeister

lukemeister — Tue, 19 Aug 2008 02:29:46 +0000

Maybe thefunded.com should have some sort of rebuttal system built into the site? Who knows, maybe they already do. I couldn’t really tell during my brief visit to the site. I do think though that if you’re confident enough to bash somebody you should be confident enough to reveal your identity. I’m not aware of what the nature of the beef between the two parties was but it could just as easily be a misunderstanding or miscommunication between parties too. Tough call.

By: the moose

the moose — Tue, 19 Aug 2008 02:14:47 +0000

there are bad VCs out there, so what is wrong with voicing your opinion…???

By: Anonymous

Anonymous — Tue, 19 Aug 2008 01:50:15 +0000

If your going to bad mouth an individual or business you should at least do it to their face, backed up of course with hard facts.

It’s (too) easy to hide on the internet and TheFunded should reveal the identity of this person, unless of course TheFunded themselves have something to hide?

In my view, TheFunded should also be sued; everyone is entitled to their privacy but not when their going around shooting off their big mouth – about time someone therefore took steps to shut them up, no?

By: tidalx

tidalx — Mon, 18 Aug 2008 23:13:51 +0000

Either that, or he may have just save many other entrepreneurs from dealing with a bad VC.

By: XLCowBoy

XLCowBoy — Mon, 18 Aug 2008 20:51:46 +0000

Hmmm… I feel for the VC company.

The speed at which one can spread rumors about another company (especially a rival) is very disturbing. We don’t know if what the contributor said is true, but he/she has obviously made a public claim – one which may negatively influence other entrepreneurs from considering the said VC company.

By: Anonymous

Anonymous — Mon, 18 Aug 2008 10:33:21 +0000

That entrepreneur deserves his identity to not be revealed.