Turned down by Sand Hill Road investors, only to see them woo your cofounder? Careful there, wantrepreneur. Complaining on rate-the-VC site TheFunded.com might get you sued. VentureBeat reports that in recent week, negative posts about VC firms Dolphin Equity, GreenHills, Matrix, Greycroft and Steamboat Ventures have all come down, quickly replaced by more positive reminiscences of deals well done. TheFunded founder Adeo Ressi blames lawsuits:
TheFunded.com is surprised to learn that venture firms are spending money entrusted to them by their own investors to silence the opinions and constructive criticism of legitimate founders and CEOs.