Be Careful What You Subpoena. It May Turn Up More Than You'd Like People To Know
from the oops dept
Remember the VC firm, EDF Ventures, which brought a lot more attention to a negative review on the website TheFunded.com by sending a subpoena to find out who wrote the negative review? Well, it turns out the decision keeps getting worse and worse. VentureBeat has the details that were turned up by the subpoena — and the result is more details of the criticism, but no identifying information of the poster. Since TheFunded allows parts of comments to be public, with other parts designated as “members only,” the subpoena has now made the “members only” content public, and it trashes the deal terms offered by the firm and criticizes a partner who has no operating experience. Also, the details suggest that this wasn’t a spurned entrepreneur, but an adviser or partner in some manner. Either way, beyond drawing more attention to a negative review, now the firm has made public even more critical info.