Comments on: VC Firm Subpoenas TheFunded For Negative Review

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By: Lawsuit Forces TheFunded To Shutter Service (or early April Fools joke) | netdesk

Sat, 28 Mar 2009 03:01:38 +0000

[...] the start, and many investors have never been pleased with TheFunded. Last August the company was involved in a lawsuit brought by a venture capitalist trying to track the identity of an anonymous [...]

By: Lawsuit Forces TheFunded To Shutter Service

Lawsuit Forces TheFunded To Shutter Service — Fri, 27 Mar 2009 20:28:31 +0000

By: The Best VCs? « Shai’s Blog

The Best VCs? « Shai’s Blog — Sun, 15 Feb 2009 00:40:21 +0000

[...] as they are anonymous. In addition, they have received some negative attention from VCs, see this Techcrunch article. However, I believe there is some validity to this site as they are beginning [...]

By: VC Firm, EDF Ventures, May Not Actually Know How The Internet Works | VOLTAGEblog

Tue, 06 Jan 2009 04:35:52 +0000

[...] Well, the joke’s on EDF. Now everyone knows about this guys comment. It’s on the front page of TechCrunch right now. Yes, that’s the TechCrunch blog covering the tech start-up industry to the tune of [...]

By: Bohica Gaming Community » Blog Archive » Review: Unreal Tournament 3

Bohica Gaming Community » Blog Archive » Review: Unreal Tournament 3 — Sun, 24 Aug 2008 21:15:03 +0000

[...] VC Firm Subpoenas TheFunded For Negative Review [...]

By: Legal Eagle

Legal Eagle — Sat, 16 Aug 2008 06:20:36 +0000

@T3chsclusive – You’re a know-it-all ass who doesn’t know anything about the law. As someone who actually spent three years getting a law degree, I don’t see anything here that opens up TheFunded to increased liability. Linking to publicly available pages on their website and repeating well-known information about their privacy measures is not all that risky from a liability perspective. Besides, it’s rather arrogant to assume that their legal counsel isn’t already screening their responses.

TheFunded has been subpoenaed for information they may or may not have, there is no allegation from EDF that TheFunded has done anything wrong. EDF is alleging that the anonymous user has done something wrong and that they have the right to collect information about that user in order to prepare a suit against that person. As long as TheFunded complies with the subpoena order or responds with appropriate legal arguments as to why they don’t have to comply with the subpoena order, there is no liability issue.

By: Mike’s Lookout » Blog Archive » Don’t Keep Logs - The Funded Rocks

Sat, 16 Aug 2008 02:59:18 +0000

[...] reported this week on TechCrunch, The Funded has been sued by EDF Ventures. EDF is upset because someone anonymously wrote [...]

By: FrankM73

FrankM73 — Sat, 16 Aug 2008 01:46:38 +0000

Dude (funded entrepreneur) you are screwed! They are going to nail your *ss to the wall! They will track down your IP address, your ISP, your e-mail, and everything. Be prepared. Get a lawyer!!!

By: funded entrepreneur

funded entrepreneur — Sat, 16 Aug 2008 00:51:10 +0000

I have used TheFunded to give honest and blunt feedback…some good, some bad. Now I am very worried that the VC firms that I gave honest (but negative) feedback on will come after me! I am not a ‘techie’ so all this stuff about security and anonymous identities on the web goes over my head. How likely is it that anything will come of this? Should I go back in and delete all (good and bad) of my comments on TheFunded’s site?

By: VC Firm, EDF Ventures, May Not Actually Know How The Internet Works | Voltage Blog

Wed, 13 Aug 2008 22:13:54 +0000

[...] joke’s on EDF. Now everyone knows about this guys comment. It’s on the front page of TechCrunch right now. That’s the TechCrunch covering the startup industry to the tune of 900,000+ [...]

By: Bohica Gaming Community » Blog Archive » Review: Unreal Tournament 3

Bohica Gaming Community » Blog Archive » Review: Unreal Tournament 3 — Wed, 13 Aug 2008 21:15:02 +0000

[...] Comment on VC Firm Subpoenas TheFunded For Negative Review by Gavroche [...]

By: Gavroche

Gavroche — Wed, 13 Aug 2008 20:58:51 +0000

EDF has no legal ground to stand on here. The comments submitted are clearly protected by the 1st amendment. The only exception to this would be if the statement was either 1) defamatory or 2) an invasion of privacy. The comments here are clearly an opinion, and thus by definition, aren’t defamatory.

The funded is protected by the CDA, which immunizes the funded in the event defamatory statements are found to be made. Because the post is anonymous, the best EDF could hope for is for the funded to remove the post. But, the funded has no legal requirement to do so.

So, I’m not sure why EDF thinks they could succeed here. A smart lawyer would have told them not to waste their time on this, as they should just focus on doing their job — earning 5x on their investments!
EDF’s focusing on this suit just shows that they’re a bottom tier VC.

By: @c_sys

@c_sys — Wed, 13 Aug 2008 18:50:14 +0000

Our company has been seeking VC / Private Equity funding for months now. I can say, if only I knew earlier about thefunded.com (and no I don’t work there). We’ve received the cold shoulder from so many that tout this ‘love for entrepreneurs’. I get it people. Go get them thefunded.com — more sites need to be out there helping people find the inside perspective before jumping in knee deep.

I’m checking out more firms now – - -

By: Pandrogas

Pandrogas — Wed, 13 Aug 2008 18:02:39 +0000

Makes me wonder if it’s just a publicity stunt (even bad news is good news sort of thing). The case can’t stand up in court and there may even be precedents established denoting that.

By: Steven Roussey

Steven Roussey — Wed, 13 Aug 2008 17:40:56 +0000

They are going to find out that unmasking the posters can be extremely difficult. They are unlikely to survive any test of personal jurisdiction in that state, and will have to move to California (assuming that is where theFunded is based) if they are at all serious. Of course, then they will be open to California’s anti-SLAPP laws, and may find themselves on the bad side of a judge here. Then there are the serious First Amendment rights they are trying to take away — as if people haven’t tried before — so their attempt would likely be quashed anyhow.

I have to seriously question their counsel’s advice in this matter. Usually, the chilling effect of such a lawsuit works best on those without knowledge and resources at their disposal. Not the type of people a VC firm would invest in, so the scare tactic part is a bit impotent out of the gate.

By: Boris

Boris — Wed, 13 Aug 2008 15:25:15 +0000

Ross,

How many times does this have to be said?

VC’s and ENTREPENEURS are SCREENED. Just because YOU don’t see the name, does not mean one does not exist.

By: Ross

Ross — Wed, 13 Aug 2008 14:25:56 +0000

The problem with services like TheFunded is that there is no check/balance. You don’t know if negative comments are from other VCs trying to get an edge, which makes it a pretty useless service.

By: What did you say about me? | Entrepreneur In Training

What did you say about me? | Entrepreneur In Training — Wed, 13 Aug 2008 14:16:19 +0000

[...] has a post about a VC firm that is subpoenaing the records of TheFunded.com. TheFunded is a site that allows [...]

By: Kevin K.

Kevin K. — Wed, 13 Aug 2008 14:03:16 +0000

(linkback) Fair or Foul? Venture fund firm subpoenas anonymous VC review site over comment [VOTE] – http://www.thri...rfail.com/96369

By: VC Firm EDF Ventures subpoenas TheFunded to discover identity of poster | The Blog Herald

Wed, 13 Aug 2008 12:13:05 +0000

[...] Matt Craven TechCrunch is reporting that venture capital firm EDF Ventures has subpoenaed VC discussion/review site TheFund… in order to discover the identity of a poster that wrote a negative review about EDF [...]

By: The Funded sued for the Identity of John Doe — TechWag

The Funded sued for the Identity of John Doe — TechWag — Wed, 13 Aug 2008 12:11:57 +0000

[...] Venture Beat and Techcruch cover some of this and the comment at both sites about how the Funded runs their operation is: [...]

By: Moron

Moron — Wed, 13 Aug 2008 09:59:21 +0000

If you call someone a moron then why would you believe the words coming from the person.

By: Burak

Burak — Wed, 13 Aug 2008 09:42:02 +0000

What are the chances that the one ‘Disagree’ (top right corner of image) came from an EDF employee?

In any case, I think EDF’s actions confirm the veracity of the review.

By: John Doe

John Doe — Wed, 13 Aug 2008 09:00:31 +0000

I wonder if this negative attention will be any good at all?