Companies like Goowy and Gtalkr are exciting. I love the stuff they’re doing and I love the way they’re changing the Web. Whether you call it Web 2.0 or just “Web Applications” it’s a fun time to be involved in the Web.
But I’ve been thinking recently that I really wish I could both help Web 2.0 companies that I like and also take part in their success. Essentially, I wish I could invest. Unfortunately, as you can probably imagine, no one is knocking on my door looking for start up capital. My “investments” would look more like PayPal donations than something a company could use.
I wonder how many people are like me, who want to invest but don’t have the resources of Sequoia Capital. Maybe there aren’t that many, but I would love to see an investment fund that would allow small investors like me to buy shares in the fund, and then the fund would invest the money in a variety of Web 2.0 applications. When a company gets sold, or goes public, the fund would distribute its share of the profits in proportion to the number of shares you own.
Does something like this exist? Has anyone seen anything like it or are there just not enough small investors to make it worthwhile?
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