Valleywag
An anonymous commenter on VC scandal sheet TheFunded.com, with the appropriately frat-boyish screenname "jagrmeister721," has lashed out at Sierra Ventures VC Jeff Loomans. Loomans's portfolio includes Corrigo, Grayboxx, MIOX, Red5 Studios and Zoom Systems. The entrepreneur writes:
Dealing with Jeff Loomans, his dishonesty and malicious behavior for a year and a half has been a headache. In some ways, I am glad to part ways because I have never dealt with someone who seemed to relish petty power-plays and lying on a systematic basis as much as he obviously did.Sierra had requested that he write a positive review, he says — a common enough practice for VC firms trying to buff their image on TheFunded.com. Be careful what you ask for.
Comments
Ha, you gotta love that sh*t-eating grin. Its not easy to be exposed as a VC-to-avoid, but that picture seems like he just got off the toilet and is pretty pleased with himself.
Wow... if this is true, this guy's an asshole. To go behind the back and tell the bank that he doesn't believe in exit and yet he invested all that money?! What an idiot. At least he collected few pennies for each dollar he invested.
Wow, "VC is ignorant, back-stabbing scum". It's always nice to hear that stereotypes aren't always true.
Why is this a shock? All VC's will grind your nuts into a pulp, strip your operation and leave you in the corner in the fetal position. If you cant raise funds through an angel any entrepreneur knows they are making a deal with the devil when fund raising VC cash!
@googoobaby: "VC ignorant, back-stabbing scum" sounds like "cold ice"
I agree. They sound like a 3rd rate firm. These kind of stories only reinforce that perception.
Agree 100% -- I've done deals with this guy. He's petty and just not that smart.
Wonder why they chose Sierra in the first place?
frat-boyish screenname "jagrmeister721,
Jägermeister isn't a fraternity, but a German liquor :-)) [www.jager.com]
@bigdowro: Captain Obvious is on line one for you, Sir.
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