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                                                                   EXHIBIT 10.23




                              CONSULTING AGREEMENT

         Consulting Agreement ("Agreement") made as of the 12th day of June,
2000 by and between vFinance.com, Inc., a Delaware corporation ("VFIN"), and
STEVEN KRAUSE (the "Consultant").

                                   WITNESSETH:

1.       Krause is party to a Consulting and Acquisition Management Agreement
         dated August 16, 1999 pursuant to which Krause was to evaluate and
         structure various acquisition transactions and, at the request of VFIN,
         manage any such acquisitions;

2.       Krause has identified for VFIN First Level Securities, Inc. ("First
         Level") and VFIN has entered into a Letter of Intent with First Level:

3.       VFIN desires to pursue and complete the acquisition of First Level,
         complete its due diligence, undertake such acquisition with the
         continued assistance of Krause and to continue to use the services of
         Krause in connection with the management of the operations of VFIN and
         First Level; and

4.       Krause is willing and desirous of continuing to perform such services
         on behalf of VFIN.

         NOW, THEREFORE, in consideration of the mutual covenants and agreements
contained in this Agreement, the parties hereto agree as follows:

1. DUE DILIGENCE AND MANAGEMENT SERVICES. VFIN has entered into a Letter of
Intent for the acquisition of First Level. In 1999 Krause identified First Level
for VFIN to acquire. Since 1999, VFIN has utilized and desires to continue to
make use of Krause's skills in connection with the due diligence and undertaking
of various marketing, administrative and other executive capacities in order to
advance the corporate goals and interests of First Level and VFIN and the
potential synergies of these companies. In particular, since 1999, Krause has
worked and will continue to work with these companies in performing due
diligence, developing their marketing program for the provision of their
financial services and financial products and will assist these companies in
strategic positioning and formulating a distribution program for their products
and services. In addition, since 1999, Krause has worked and will continue to
work with First Level and VFIN in developing their administrative
infrastructure, and will interface with various organizations outside these
companies relative to their marketing program, the recruitment of key personnel
and the arrangement for services by professional consultants to enhance the
opportunities of consolidating some of the operations of VFIN and First Level.

2.       TIME WORKED FOR VFIN. While no set hours or days had been established
during which Krause has rendered and will continue to render his services on
behalf of First Level and Union Atlantic, it is anticipated that he has spent
and will continue to spend at least 40 hours per month assisting VFIN and First
Level or whatever additional time will be necessary for purposes of
accomplishing their corporate objectives.

         3.       TERM. This Agreement shall terminate December 31, 2000.

         4.       COMPENSATION. In consideration for Krause's services rendered
to VFIN from April 1, 2000 to to the date of this Agreement with respect to
VFIN's proposed acquisition of First Level, VFIN shall pay to Krause as his sole
compensation for such services 50,000 shares of its common stock to be issued
not later than June 30, 2000. For services under this Agreement rendered by
Krause after the date of this Agreement, Krause agrees to accept as his sole
consideration the fees earned pursuant to Section 3.2 of the Consulting and






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Acquisition Management Agreement dated August 16, 1999 The fees payable pursuant
to this section shall be in lieu of any other compensation to which Krause may
otherwise be entitled for acting as an officer, director, consultant or any like
capacity with First Level or VFIN.

         5. EXPENSES. Unless otherwise approved by VFIN, Krause shall bear all
expenses incurred by him prior to written acceptance by VFIN.

         6. PURCHASE OF SHARES. The Shares shall be issued solely in exchange
for the services and appropriate investment restrictions shall be noted against
the Shares. Krause agrees to acquire the Shares for investment and will not
dispose of the Shares in the absence of registration thereof or applicable
exemption under the Securities Act of 1933.

         7. REGISTRATION. VFIN agrees to provide Krause with registration rights
at VFIN's cost and expense and include the Shares in a Form S-8 registration
statement to be filed by VFIN with the Securities and Exchange Commission within
the proximate future.

         8. OFFICERS AND DIRECTORS. Krause, upon the request of VFIN, may serve
as officer and/or director of First Level or VFIN provided, however, that Krause
shall be entitled to be covered by appropriate directors and officers liability
insurance and indemnification by VFIN in amounts and on terms acceptable to
Krause in his sole discretion.

         9. RELEASE. Krause (the "Releasor") does hereby forever release and
discharge VFIN, First Level and each of the shareholders of VFIN and First Level
and each of their partners, officers, directors, members, agents or
representatives (collectively, "Releasee") from all claims, actions, causes of
action, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills,
specialities, covenants, contracts, controversies, agreements, promises,
indemnifications, variances, trespasses, damages, judgments, extents, execution,
claims, and demands whatsoever, in law, admiralty or equity, which against the
Releasee the Releasor ever had, now has or hereafter can, shall, or may have
for, upon or by reason of any matter, cause or thing related in whole or part to
the debts, promises, agreements and/or any obligations arising from or relating
to the business, operations, corporate actions or security ownership, in
connection with VFIN or First Level or their wholly-owned or affiliated
subsidiaries or businesses, including without limitation transactions involving
and allocation, ownership or issuance of VFIN or First Level securities.

         10. ENTIRE AGREEMENT. This Agreement contains the entire agreement
among the parties with respect to the subject matter hereof and supersedes all
prior agreements, written or oral, with respect thereto.

         11. WAIVERS AND AMENDMENTS. This Agreement may be amended, modified,
superseded, canceled, renewed or extended, and the terms and conditions hereof
may be waived, only by a written instrument signed by the parties or, in the
case of a waiver, by the party waiving compliance. No delay on the part of any
party in exercising any right, power or privilege hereunder shall operate as a
waiver thereof, nor shall any waiver on the part of any party of any right,
power or privilege hereunder, nor any single or partial exercise of any right,
power or privilege hereunder, preclude any other or further exercise thereof or
the exercise of any other right, power or privilege hereunder. The rights and
remedies herein provided are cumulative and are not exclusive of any rights or
remedies which any party may otherwise have at law or in equity.

         12. GOVERNING LAW. This Agreement shall be governed and construed in
accordance with the laws of the State of Florida applicable to agreements made
and to be performed entirely within such State.





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         13. NO ASSIGNMENT. This Agreement is not assignable by Krause except to
any entity in which a majority in interest is owned by Krause, but shall be
assignable by VFIN solely upon the consent of Krause.

         14. HEADINGS. The headings in this Agreement are for reference purpose
only and shall not in any way affect the meaning or interpretation of this
Agreement.

         15. SEVERABILITY OF PROVISIONS. The invalidity or unenforceability of
any term, phrase, clause, paragraph, restriction, covenant, agreement or other
provision of this Agreement shall in no way affect the validity or enforcement
of any other provision or any part thereof.

         16. COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which when so executed, shall constitute an original copy
hereof, but all of which together shall consider but one and the same document.

         17. OTHER ACTIVITIES. Nothing contained herein shall prevent Krause
from undertaking work for any other entity. The foregoing shall be subject to
such other activity not interfering with the performance by Krause of the
services to be rendered to VFIN under this Agreement.

         18. DISCLAIMER. Krause acknowledges that he has made a full and
independent inquiry regarding VFIN and has been afforded access to such VFIN
materials as he requested and that, in entering into this Agreement, he has not
in any manner directly or indirectly relied on any warranty or representation by
VFIN, its officers, directors, agents, legal counsel or accountants concerning
VFIN and/or its stock as to matters part, present or future.

         19. NOTICES. All notices to be given hereunder shall be in writing,
with fax notices being an acceptable substitute for mail and/or and delivery:

                  As to Mr. Steven Krause:
                           100 E. Linton Boulevard, Suite 501-A
                           Delray Beach, FL 33483

                  As to VFIN:
                           vFinance.com, Inc.
                           3300 PGA Blvd., Suite 810
                           Palm Beach Gardens, FL 33410
                           Attention: CEO

         IN WITNESS WHEREOF, the parties have executed this Agreement on the
date first above written.

                                          VFINANCE.COM, INC.

                                          By: /s/ Leonard Sokolow
                                             -------------------------
                                             Name: Leonard J. Sokolow
                                             Title: CEO


                                             /s/ Steven Krause
                                             -------------------------
                                             STEVEN KRAUSE




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