Friday, August 24, 2007 Scuttlebut on New England VCs

I'm just getting a chance to spend some time reading, a site where entrepreneurs discuss the venture capital firms they've dealt with. They present Zagat-like ratings of each firm (on criteria like "track record" and "favorable deal terms"), along with short reviews from entrepreneurs.

There are ratings for most of the major New England VC firms, including Highland Capital, Polaris, Longworth, General Catalyst, Greylock, IDG Ventures, Spark Capital, and Fidelity Ventures.

Some of the common complaints: VC firms that blow off scheduled meetings; firms that invite start-ups in, only to collect intelligence for another company in the same space that they're funding (or planning to fund); schizophrenic, hot-and-cold feedback; and, of course, firms that fire the founders and bring in new CEOs.

(Jeff Bussgang of IDG has a post about TheFunded, which touches on the issue of VC arrogance.)

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