September 26, 2020
Hello and welcome to Pipeline. This week: Inside the Zoom boom, anonymous investor ratings, and the worst "Uber for X" idea I've ever heard.
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How many of you have ever felt personally victimized by VC Guide? Two weeks ago, I mentioned in Pipeline that there was a new rating site that was publishing anonymous reviews of investors, written by founders.
I jokingly called it a VC "burn book" at the time in reference to the iconic gossip journal in the movie "Mean Girls" that led to all sorts of bullying. But now founders and investors are concerned that it's not too far from the truth.
Pregasen takes particular issue with the anonymous rating system — and the anonymity behind the platform.
This isn't the first time a site has tried to give venture capitalists net promoter scores. And given there's websites like Glassdoor or Rate My Professors, it's hard to argue that venture capitalists have any sort of immunity from being reviewed.
The big question is how to make an anonymous review website a helpful tool for entrepreneurs versus just a place to vent.
It may get under investors' skins, but it's already seen some results.
VC Guide and Landscape could open up a new era of transparency in venture capital — or follow the path of The Funded and end up with a handful of lawsuits and diminishing utility for founders. Both are a reminder though that diligence is a two-way street.
Today's online marketplaces gather millions of sellers, hundreds of millions of buyers, and generate billions of dollars in economic benefits. Specifically, the Connected Commerce Council (3C) research shows that the value marketplaces bring to small and medium-sized businesses exceeds $145 billion annually. Read more on why we should celebrate the benefits of digital tools and the businesses using them.