Is The Funded going to create transparency and symmetric access to information for both buyers and sellers in the private investing market? TechCrunch says that they’re going to create a database of term sheets. If this works, it’ll change the landscape of private investing.Today venture capital firms have vision into the pricing market, in fact they largely create it. New companies are completely in the dark. How do you decide the right price for equity units in a private company? How does a new company know if they’re getting a good deal, or getting taken? Openness and transparency will change the market and just like with IPO pricing, the status quo will resist the change.