I keep telling you that venture funds have raised too much money.....From MediaWeek.com:
John Byrne, BusinessWeek's executive editor and the acting editor-in-chief for Businessweek.com, said that company is looking to create a "business YouTube" essentially an online video hub for wannabe moguls to post short pitch videos for a new ventures or companies.The site is also exploring the launch of an online-video-based contest that would invite anyone with a idea for a new business to submit a plan on the site with the chance to land $500,000 in venture capital funding.
(Thanks to Natalie Wozniak up in Minne-so-cold for passing this along).

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