Vulture Crapitalists Suck

December 22nd, 2007 Categories: Random, Social Networking

During my recent travels through some of our nations airports, I happened upon an article in one of my favorite print magazines (Wired, ~~I believe~~ confirmed) about a blogsite called The Funded. The article and site, about the travails of entrepreneurs during their experiences with Venture Capitalists, resonated with me for a few reasons:

1) The blogauthor of the site (Ted) was anonymous (real name Adeo Ressi). The XBroker was anonymous for awhile, until the professional community outcry became too loud to ignore.

2) The site outs the often misunderstood underpinning of a little understood industry, Venture Capitalism. The XBroker sought (seeks) to do the same for the mortgage (and real estate) industries.

3) Mr. Ressi is using aspects of nouveau social media to create a forum that evens the playing field for aspiring (and/or seasoned) players in the respective market.

Both sets of ‘industry’s’ are reputed for their gross molestation of potential and current clients. You know it’s coming, at least you should, yet one resigns to dealing with these necessary evils due to lack of apparent alternatives.

Moral of the post: Don’t take shit from no one. Seek to understand and the truth will set you free.

Kudos to Adeo Ressi, the world needs more of his ilk…

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