Venture Captialist Wanted

Have you ever wanted to just take a chance and start your own business, but had no idea how to even begin or where you might get funding to do such a thing? Well, then let me tell you about the contest I just found:

You Be the VC is a contest for folks who want to become entrepreneurs and start up their own web-based* business but are just looking for a little backing. The three folks with the top ideas will win:

Business incubator services including a business location, programming/web development, administrative, IT, legal, accounting, tax and consulting services as well as seed venture funding (all as designated in Sponsor’s sole discretion). In addition, each of the three Winners will receive a $15,000 stipend to live and work in the Boston, MA, area during Summer 2008.

Not too shabby, especially if you’ve got nothing else going for you. All you need is a great original idea (yes, I am aware that this is easier said then done). Essentially here is what the contest is about:

Bang Ventures is making an open call for entrepreneurs to submit their ideas for new start-ups — then we’ll let the public decide on the next three companies we fund….after several rounds of tasks, analysis, and video pitches. That is You Be The VC in a nutshell… Essentially the three selected companies get a company to run.

So, if you have a great idea, tons of friends and are are willing to relocated to Boston for the summer, well, you have no reason not to sign up. And if you do sign-up and win because you heard about this from us, well, just make sure to give us proper credit (we prefer getting credit in the form of money rather then recognition). The deadline to submit your ideas is Dec. 14th.

Good luck!

*Web-based business, social networking site, Web 2.0 project, software project, wireless services or similar venture