So, I was reading Matt's post about VC, which saw me following this link:

http://weblog.raganwald.com/2005/03/are-you-thinking-of-working-for-start.html

Raganwald States:

"A VC is having a good year when one in five investments hits a home run. If you honestly can do a better job of picking winners, drop your day job and go into venture capital. You’ll make way more money investing in start ups than working for them!"

I tend to agree, but of course I don't have the "fuck you" money to try my hand at VCing. What I need is a market that allows me to invest little bits of money into new ventures... What I need is a stock exchange, version 2.0.

So, I googled "what would it take to set up an online stock market" (I know, worst query ever) and I found this:

http://www.globalchange.com/stock.htm

Some wishful thinking, but interesting. What does HN think? Could a bunch of Hackers legally set up an alternative to stock markets that would work?

I'm fully aware that this idea is out to lunch, but I'm interested on hearing other people's opinions.