Michael Arrington describes TheFunded, a site about venture capital firms, for and by entrepreneurs. Only members can provide content, and membership is by invitation only. So there is some diligence about the quality of the ratings and reviews at the site.
As soon as I read about TF, I had the concern that “since most startups are turned down for funding, there will be a tendency for people to leave negative comments.” (Those are Michael’s words, toward the end of his post.) I also wondered who funded TheFunded, and I’m still wondering.
TF does seem like an interesting site (and I would not turn down an invitation). I’ll watch out for comments from some of the many blogging VCs.