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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."

3 of 121 comments (clear)

  1. Oh, the irony... by Anonymous Coward · · Score: 5, Funny

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

    Heh, heh, heh.

  2. 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".

  3. Re:Intellectual Property Theft by Anonymous Coward · · Score: 5, Interesting

    This is a classic scam pulled by venture capitalists. They have been known to take great ideas from presentations by companies that are courting their financing and give the ideas to companies already in the stable. I personally wouldn't trust this blog idea further than I could drop kick it.