alarm:clock

News & Updates - Friday, November 30, 2007

Hercules Capital Bullies The Funded

The Funded posted today a copy of a cease and desist letter drafted by Hercules Capital's law firm. When we talked with The Funded's Adeo Ressi a few weeks ago (he was anonymous to the public at the time) we asked him if he had received any legal threats yet. alarm:clock has in fact taken our share of what we view as absurd legal threats from businesses who don't appreciate our slant. At the time Ressi responded that it would be suicide for a VC firm to threaten him with legal action as he would surely post the threat and that firm would look like a bunch of clowns in front of the VC community.

It looks like the guys at Hercules Capital really are not that smart after all. Their cease and desist letter demands that The Funded remove a post by an anonymous person who writes negative comments about Hercules. A good number of VC firms listed in The Funded also get negative marks. As a reader you take it with a grain of salt. But when a firm shows that they can't take anonymous criticism and have to tap their legal goons to make it go away you really have to wonder.

So what does the anonymous post tell us "Horrible. Avoid like the plague. They were aggressive with us at first. Put us through 2-3 weeks worth of technical and economic dilligence, and then blew us off at the last minute.

Avoid..... "

View - The Funded
Read - Venturebeat coverage