Business 2.0 readers can get venture backing (maybe)
Updated
This may just be the latest gimmick by Business 2.0 to get readers flocking to its business pages, but it's still worth pointing out.
The publication says 11 leading venture capital firms have outlined in Business 2.0's upcoming edition some promising business ideas that they'd like to get feedback about from the publication's readers.
And they're ponying up $50 million in funding to the readers who formulate the right combination of staffers and business plan to pull off the ideas. You can submit your business plans to the venture firms, which include names like RedPoint Ventures, Storm, Norwest and Ignition.
And in a few months, Business 2.0 will report back on which, if any, readers got the cash. (Hmmm, the "if any" part worries us. You mean, the VC can get cold feet and back out? Wow, this is real.)
The Business 2.0 edition hits news stands Aug. 29. Just don't tell 'em that you found out about it here.
Updated: Sorry, we had to take down the PDF of the story. We spaced on the copyright implications. You'll have to wait for the link from Business 2.0, which should come within next few days or so.
Update: Here's the link to the Business 2.0 story. Happy pitching!
http://www.siliconbeat.com/cgi-bin/mt331/mt-tb.cgi/632
Links to blogs that reference this entry:
The Ultimate Upsell Engine
Excerpt: Not sure how this whole Business 2.0 VC contest has to do with the “Thesis Investing” meme that was so popular a few months back. Idea based investing? Better or worst? not sure, but I do know that whatever this is, it has been around fo...
Tracked: August 23, 2005 12:55 AM
Ohmigod Matt! At least couple of things on this list already exist in Europe and Japan, and at least one (infrared lock/readers, very insecure) have already been tried and rejected by big industry players. I can't believe such ventures can actually get funded... last year some company in LA raised like 10M to develop something like an extended voicemail - which has already been a standard service for Euro mobile ops for at least two years before that... Should I tell them or should I rather sell them the business plans they want, and then just leverage them by bying the technologies elsewhere overseas?
Yuri Ammosov on August 22, 2005 9:34 AMComment link
