You Be the VC...?
Micro VCs galore. They come in all shapes and sizes. Who knows, someday they might even upstage the established juggernauts....
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Y Combinator, TechStars, Plug and Play and now PARC are just some of the organizations that pair investing with an incubator environment for small startups. New York-based Bang Ventures, a self-styled investment firm, not a VC, is launching a online social network called “You Be The VC,” where startups submit their business plans then compete for funding. The public can vote on their favorite companies, then Bang will fund the top three companies with $15,000 and a host of other incubator services. It also includes social networking features so contestants can also meet each other and network.
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T-20 cricket has been an instant hit... more so since Team India grabbed the first world cup. Will UBVC do it to the role models...? Crossing fingers.
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Labels: VC process
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