[2] In addition to providing ratings and reviews, users can communicate with one another to garner entrepreneurial insight and advice.

[4] Adeo Ressi began working on TheFunded in December 2006 and unveiled an early version of the site on New Year's Eve.

Due to negative experiences with venture capital firms in the previous year, he wanted to keep closer tabs on his investors.

[4] In the early days of TheFunded, Ressi adopted the pseudonym "Ted" to avoid the ire of venture capitalists in Silicon Valley.

[4] The lawsuits were almost universally dismissed because the Communications Decency Act stipulated that TheFunded could not be held liable for third-party comments on their website.

Inclusion on the list meant that these firms were suspected of pressuring clients to give positive reviews, threatening legal action against TheFunded or its members, or failing to make new investments.

[4] TheFunded allows users (typically entrepreneurs and CEOs) to rate and review venture capitalists and engage in community activities and discussions.