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VCs Turn On Epinions Lawsuit Participant
from the kicked-out-of-the-club dept
The venture capital industry is known for being a bit clubby, but a bit of dirty laundry is airing out these days. We'd already covered the slightly odd lawsuit filed by some Epinions founders against their investors. It seems like an odd sort of lawsuit -- especially from a bunch of guys who claimed they knew the ins and outs of Silicon Valley (that was part of their early "story"). Anyway, a couple of the people participating in the lawsuit are now venture capitalists themselves, and the clubby community appears to be turning against them. Silicon Beat points to a story saying that one of the lawsuit participants has been kicked out of the VC firm he worked for, and it includes quotes from others basically saying that he'll never get or work in VC again. That seems a bit extreme, but it's interesting to see how quickly the VC community is responding.
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