Unvarnished Becomes Honestly and Rakes in Investments
A while back I brought news about a company and website called Unvarnished. They were bringing forward this terrible idea forward that people should be able to anonymously review other people. Despite the chorus of boos they were met with, Unvarnished has captured the attention of the press and of bloggers, and raked in a reported $1.2 million in investments.
The self-described reputation management site, which allows professionals to anonymously submit reviews on their peers, has just renamed its site to “Honestly” and raised $1.2 million from several high-profile firms including First Round Capital, Ron Conway’s SV Angel, and Charles River Ventures. The round also includes individual investors, like Joshua Schachter, Travis Kalanick, and Richard Chen.
An early round of investments like that could help Unvarnished/Honestly go a long way online. The idea, most online reputation management specialists maintain, is a bad one–but it continues to capture the attention of various investors and press outlets.