There used to be a website for startups and entrepreneurs called The Funded. It seems to have died, is there a current equivalent?

echojason@gmail.com'

JASON LEMKIN

No, there are folks that try but I think the combination of (x) a long bull run & the rise of Founder Power and (z) Twitter and social media sort of killed it.

Back in the day when I was a second-time founder, I found The Funded a cathartic (if chaotic) way to do due diligence on potential investors.

Fast forward to today though, and in hot deals, all the investors lean forward. You can quickly reach out to their prior investment CEOs and do your own diligence. And you can get a sense of who more and more VCs are from social media. And the rise of 100s of micro-VCs mean more and more founders already have an ally on the cap table to give them insights and references on later stage VCs.

So there’s still a need but perhaps The Funded’s initial white space has now been filled in other ways.

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Published on October 17, 2017

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