I posted a couple of days ago about how I would like to see a VC venue that is similar in structure to Ebay or Craigslist where potential Investors and Entrepreneurs can go to post their startups and invest in said startups(Post 1, Post 2). Jeff Nolan said it couldn’t be done easily. There are too many regulations involved. And he may be right.
However, I found a new(to me) site earlier today. The site is www.gobignetwork.com. Oddly enough, I found it through my adsense ads on my site. Talk about relevant ads! I took a quick look at it and it is in essence, what I was trying to explain. The one down side? It’s a pay site. In order to make any contacts with investors or entrepreneurs there is a minimum $14.95/month fee. And that only allows for 5 contacts a day. Not sure what exactly constitutes a contact. Entrepreneurs that wish to post a funding request are charged a $29.95 fee for a month listing. Take a look around it. Maybe it can be done afterall and maybe it could be done as a ad revenue supported site? I still see my vision as a free/minimal fee site, but GoBigNetwork.com is pretty close to the gist.
Update: Jeff Nolan was kind enough to point out that the terms of service declares the GoBigNetwork to be a “rolodex” and messaging system. Which is how they get around the SEC and other regulations.