Crenk

In the last 6 to 12 months i have heard a lot of talk about the website, TheFunded.  I have seen the site all over the blogosphere and on the BBC, but i really dont understand why.

The site lets entrepreneurs rate and comment about venture capitalists, has drawn a lot of attention from folks eager to learn salacious gossip about bad VCs. It has been reported by Venturebeat that TheFunded has been removing posted comments about VCs for more favourable ones.

This all being said after looking through TheFunded more indepth, it really doesnt seem to be a great deal of people actually using the site. It seems to have 6,000 or so members and crap all is actually happening in terms of activity. The site to me seems like an interesting place to go and read up on your possible VCs, however im sure if someone was going to take 10% of my company i would do a lot more research than just looking at this site. If that is the case what is the point of the site when it tells you all basic information about the VCs that can be found in other places and then gives you a rating of the VCs for only a very very limited amount of users who actually use the site?