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Using Blogs To Dispense Venture Capital

Posted by timothy on from the two-birds-with-one-buzzword dept.

prostoalex writes "The New York Times describes how Tim Draper, a founder of Draper Fisher Juvetson venture capital firm, is trying out a new approach to finding the next entrepreneurial superstars. In his Web log (which NYTimes mysteriously never links to, but it's on AlwaysOn-Network), Draper asks the readers to leave the comments with their billion-dollar ideas. The winners of this pitch were selected recently, and just reading the comments with innovative ideas is quite interesting."

13 of 121 comments (clear)

  1. Presentation, Presentation, Presentation... by TWX · · Score: 3, Funny

    So, if I can theoretically pitch an idea so it sounds absolutely awesome but in reality is totally full of crap, then I too can get venture capital money to use to create a company and pay myself a massive salary? Cool!

    --
    Do not look into laser with remaining eye.
    1. Re:Presentation, Presentation, Presentation... by sentientbeing · · Score: 3, Funny

      ive got this great idea for collecting email addresses to help people market products using the internet.

      Send me an email and ill tell you all about it.

      --

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      beware he who would deny you access to information, for in his mind he dreams himself your master
  2. Agh I Hate eTechnology by t_allardyce · · Score: 3, Funny

    I dont want to troll, but I personally would just remove any idea that called itself a technology made up of two words StuckTogether(tm) people just need to be slapped and told no.

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    This comment does not represent the views or opinions of the user.
  3. Oh, the irony... by Anonymous Coward · · Score: 5, Funny

    http://www.alwayson-network.com/...

    Heh, heh, heh.

  4. Re:I never got the word "blog." by Anonymous Coward · · Score: 5, Funny

    its short for weblog. But they took the we out because it's usually for "me me me".

  5. always-on.com by artemis67 · · Score: 3, Funny

    No, it isn't.

    Thanks, /.

  6. and the winning idea was... by laserbeak · · Score: 2, Funny

    The winner had an inovative idea about server bandwidth. Too bad they had no time to implement this new discovery!

  7. Yeah, right by melted · · Score: 3, Funny

    OK, folks. I'm a millionaire and I've put together this blog where you can help me to become a billionaire for free.

    Nice thinking, dude. Try again. :0)

  8. Re:Intellectual Property Theft by natmsincome.com · · Score: 2, Funny

    Hmmm,

    So all I need to do is invent a way of drop kicking a blog.

    I'll get back to you.

  9. Hate-o-Matic. by eddy · · Score: 2, Funny

    Yeah, everyone knows the correct pattern is $(sillything)-o-matic. For instance, I'd buy a Sludge-o-Matic(TM), but I'd never buy a SludgeMatic(TM) -- cause -- well, that just sounds completely stupid.

    --
    Belief is the currency of delusion.
  10. My Great Idea... by bfg9000 · · Score: 4, Funny

    ... a website where nerds can get together and read about stuff that matters to them, and people can comment and then others can moderate those--- nah... that'd never work. Who'd actually pay for that? Duh.

    Therefore, my new great idea is the Sex Helmet.

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    I'm not normally an irrational zealous dickhead, but I figure "When in Rome..."

  11. I have this idea, a site that survives slashdottin by brak · · Score: 2, Funny

    SO I'm sure it's worth millions, but wouldn't it be cool if you were able to have a website that was robust enough to survive if it was mentioned in a slashdot article... an article with only 80 comments, no less.

    So I would like, get some bandwidth, and like, get some servers that didn't suck, and maybe like hire this dude to write an app that didn't suck. So like, if you do that, then there's like this weird chance that when you get bombed with traffic people will still get a page back...

    I dunno though, I think it'll cost like $20 million. Oh my gawd, so hardware alone would cost like $5K, and bandwidth would be aboue $1K/month... (cogent) oh, and then there's the dude, another $100K/year.... so for $20M you should be able to keep this running for about 178 years. Wheee!!!

  12. Stealing ideas. How unethical. Quick let /. him! by syousef · · Score: 2, Funny

    Oh wait a second we already have...

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