I just stumbled upon TheFunded.com a few days ago due to the amount of publicity it was receiving. Its an interesting idea without a doubt, and probably a very helpful to those who are seeking venture capital funding. With the number of reviews growing on a daily basis and the number of reviews currently at 326 (only a few weeks after getting started), one can expect the process of raising funds from venture capitalists to become a more transparent process as time goes by.
Additional features of The Funded include the ability to download the vCards of partners at over 3,500 funds as well as being able to edit and review different funds. The upside is that membership is free, the downside is that to become a member one must be invited by another member or submit a membership application, where one must provide a “quality reason” for becoming a member. Talk about exclusivity! Oh yeah, one last catch, if one works at or is an agent for a funding source, they can forget about getting a membership to The Funded.
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