Resource Review- TheFunded.com

TheFunded.com provides an outlet for entrepreneurs to review and rate venture capital firms and venture capitalists with whom they’ve had dealings. It is a unique and provocative resource for founders and entrepreneurs.

By pulling back the curtain on the VC process, and subjecting VC firms and individual partners to critique and even, in some cases, ridicule, The Funded.com has sought to level the playing field between founders and their funders.

This was bound to be controversial, with some VC firms complaining bitterly that anonymous reviewers have trashed their reputations. Of course, the reviews have to be read critically, but some of the uglier stories ring true: Some VCs really do these things sometimes and entrepreneurs need to know.

Having served on both sides of the table, I believe this is a noble endeavor: Entrepreneurs need to understand the fund-raising process, know what a good VC process looks like, and know whom and what to avoid.

If companies are going to successfully launch, entrepreneurs need to shed naivete quickly and get their head into the VC game – and TheFunded.com helps them do that quickly.

Nusoni blog » Blog Archive » Startup Tips for the Early, Early Days

 Here’s one of my favorite blog posts for the early-stage entrepreneur. This is from Noah Everrett, a local entrepreneur in Tulsa, Oklahoma with global social network impact through his TwitPic application:

Nusoni blog » Blog Archive » Startup Tips for the Early, Early Days

Friday Blog Roundup – Reid Hoffman: My Rule of Three for Investing

Here’s a great post about what really drives sophisticated venture capital investors in the online service space: Reid Hoffman: My Rule of Three for Investing

I think the point about capital efficiency is the one that entrepreneurs often miss. Numbers 1 and 2 are defining parts of any good business plan, but number 3 makes the difference when the time comes for execution.