EXHIBIT 10.23

                               SEVERANCE AGREEMENT

         SEVERANCE AGREEMENT ("Agreement") made as of September 19, 2000 by and
between vFinance.com, Inc. a Delaware corporation (the "Company"), and D. Carr
Moody ("Employee").


          WHEREAS, the Company considers it essential to the best interests of
its shareholders to foster the continuous employment of key management
personnel; and

          WHEREAS, the Board of Directors of the Company (the "Board")
recognizes that, as is the case with many publicly-held corporations, the
possibility of a Change in Control (as defined in section 2 hereof) exists and
that such possibility, and the uncertainty and questions which it may raise
among management, may result in the departure or distraction of management
personnel to the detriment of the Company and its shareholders; and

          WHEREAS, the Board has determined that appropriate steps should be
taken to reinforce and encourage the continued attention and dedication of the
Employee to his assigned duties without distraction in the face of potentially
disturbing circumstances arising from the possibility of a Change in Control or
termination without Cause (as defined in section 2 hereof);

         NOW, THEREFORE, in consideration of the premises and the mutual
covenants contained herein, the Company and Employee hereby agree as follows:

         1.   DUTIES. Employee shall, subject to overall direction consistent
with the legal authority of the Board, serve as, and have all power and
authority inherent in the office of Chief Financial Officer of the Company and
shall be responsible for those areas in the conduct of the business reasonably
assigned to him by the Chief Executive Officer, Chief Operating Officer or the
Board. Employee shall devote substantially all his business time and efforts to
the business of the Company.


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2.   DEFINITIONS.

(A)      ACCRUED COMPENSATION. All amounts earned or accrued by the Employee
         through the Termination Date but not paid as of the Termination Date,
         including (i) Base Salary, (ii) reimbursement for reasonable and
         necessary expenses incurred by the Employee on behalf of the Company
         during the period ending on the Termination Date, (iii) vacation pay.

(B)      BASE SALARY. The amount, not less than $70,000, the Employee is
         entitled to receive as wages or a salary on an annualized basis.

(C)      BONUS AMOUNT. The amount, not less than 10% of the Employee's Base
         Salary, of total incentive or other compensation earned by the Employee
         beyond wages or a salary.

(D)      CAUSE. Shall mean (i) the final non-appealable adjudication of Employee
         of a felony; or (ii) the reasonable determination of majority of Board
         (other than Employee) that Employee has engaged in material intentional
         misconduct or the gross neglect of his duties, which has a continuing
         material adverse effect on the business of the Company.

(E)      CHANGE IN CONTROL. A "Change in Control" shall mean the occurrence of
         any of the following events:

               (1)  The acquisition in one or more transactions by any person,
                    entity or affiliated group of "beneficial ownership" (within
                    the meaning of Rule 13d-3 promulgated under the 1934 Act) of
                    fifty percent (50%) or more of the combined voting power of
                    the Company's then outstanding voting securities;

               (2)  Any merger, consolidation or business combination pursuant
                    to which the Company is not the surviving corporation or
                    fifty percent (50%) or more of the combined voting power of
                    the Company's then outstanding voting securities shall be
                    owned or controlled by any person (other than Employee),
                    entity or affiliated group;

               (3)  The individuals who are members of the Incumbent Board (as
                    defined below) cease for any reason to constitute at least
                    fifty one percent (51%) of the Board. The "Incumbent Board"
                    shall include the individuals who as of the Effective Date
                    are members of the Board and any individual becoming a
                    director subsequent to the Effective Date whose election, or
                    nomination for election by the Company's stockholders was
                    approved by a vote of at least fifty one percent (51%) of
                    the directors then comprising the Incumbent Board; PROVIDED,
                    further, however, no individual shall be considered a member
                    of the Incumbent Board if such individual initially assumed
                    office (1) as a result of either an actual or threatened
                    "election contest" (within the meaning of Rule 14a-11
                    promulgated under the 1934 Act) or other actual or
                    threatened solicitation of proxies or

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                    consents by or on behalf of a Person other than the Board (a
                    "Proxy Contest") or (2) with the approval of the other Board
                    members, but by reason of any agreement intended to avoid or
                    settle a Proxy Contest;

               (4)  A liquidation or dissolution of the Company; or

               (5)  The sale of all or substantially all of the Company's
                    assets.

               (6)  Notwithstanding the foregoing, a Change in Control shall not
                    be deemed to occur solely because twenty percent (20%) or
                    more of the then outstanding voting securities are acquired
                    by a trustee or other fiduciary holding securities under one
                    or more employee benefit plans maintained by the Company or
                    any of its subsidiaries.

(F)      EFFECTIVE DATE. The date that the Agreement is signed and executed by
         the Company and the Employee.

(G)      GOOD REASON.

         (1)      Shall mean, without limitation:

                  (i)   A change in an Executive's status, title, position or
                        responsibilities which reasonably represents an adverse
                        change in his status, title, position or
                        responsibilities;

                  (ii)  The assignment of any duties or responsibilities which
                        reasonably are inconsistent with such status, title,
                        position or responsibilities;

                  (iii) Any removal of the Employee from or failure to reappoint
                        or reelect him to any of his offices or positions,
                        except in connection with the termination of his
                        employment for Disability, Cause, or as a result of his
                        death;

                  (iv)  A reduction in the Employee's Base Salary or any failure
                        to pay the Employee any compensation or benefits to
                        which he is entitled within thirty (30) days of the date
                        due;

                  (v)   The Company's requiring the Employee to be based at any
                        place outside a 50-mile radius from his current work
                        location, except for reasonably required travel on the
                        Company's business;

                  (vi)  The insolvency or the filing by any party, including the
                        Company, of a petition for bankruptcy of the Company;

                  (vii) Any material breach by the Company of any provision of
                        this Agreement;

                  (viii)Anypurported termination of the Employee's employment
                        for Cause by the Company which does not comply with the
                        terms

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                        of Section 2(d) of this Agreement; or

                  (ix)  The failure of the Company to obtain an agreement,
                        satisfactory to the Employee, from any successor or
                        assign of the Company, to assume and agree to perform
                        this Agreement, as contemplated in Section 13 hereof.

         (2)      The Employee's ability to terminate his employment pursuant to
                  this Section 2(g) shall not be affected by his incapacity due
                  to physical or mental illness prior to the time the Employee
                  has been determined to have a Disability.

(H)      NOTICE OF TERMINATION. "Notice of Termination" shall mean a notice that
         indicates the specific termination provision in this Agreement relied
         upon and shall set forth in reasonable detail the facts and
         circumstances claimed to provide a basis for termination of the
         Employee's employment under the provision so indicated.

(I)      PRO RATA BONUS. "Pro Rata Bonus" shall mean an amount equal to the
         Bonus Amount (as defined above) that the Employee would have been
         entitled to receive in respect of the fiscal year in which such
         Employee's Termination Date occurs had he continued in employment until
         the end of such fiscal year, calculated as if all performance targets
         and goals (if applicable) had been fully met by the Employee for such
         year, multiplied by a fraction the numerator of which is the number of
         days in such fiscal year through the Employee's Termination Date and
         the denominator of which is 365.

(J)      SEVERANCE PAYMENTS AND BENEFITS. The benefits payable in accordance
         with Section 3(d) of this Plan.

(K)      TERMINATION DATE. The date provided in Section 6 of this Agreement.

3.   SEVERANCE AND CHANGE OF CONTROL PROVISIONS.

     (a)  Upon the occurrence of a Triggering Event (as hereinafter defined),
          Employee shall be entitled to the immediate receipt of Severance
          Payments and Benefits (as hereinafter defined) from the Company in
          accordance with the terms hereinafter set forth; and

     (b)  Upon the occurrence of a Change in Control or within six (6) months
          after a Change in Control, Employee shall be entitled to the immediate
          receipt of Severance Payments and Benefits (as hereinafter defined)
          from the Company in accordance with the terms hereinafter set forth
          provided Employee remains with the Company for a transition period of
          no less than six (6) months following the Change in Control.

     (C)  TRIGGERING EVENT. The occurrence of any of the following events shall
          be defined as a "Triggering Event" for purposes hereof:

              (1)    The involuntary termination of Employee's employment other
                     than for Cause;
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              (2)    The voluntary resignation of Employee for any reason
                     whatsoever within six (6) months following a Change of
                     Control;

              (3)    The voluntary resignation of Employee for Good Reason; or

              (4)    The death or Disability of the Employee (as defined
                     herein).

(D)      SEVERANCE PAYMENTS AND BENEFITS. For purposes of this Agreement, the
         "Severance Payments and Benefits" shall mean:

              (1)    A lump sum payment equal to: one-fourth (1/4) multiplied by
                     the Employee's annual Base Salary in effect immediately
                     preceding the Triggering Event;

              (2)    All stock options, warrants, other stock appreciation
                     rights and other similar securities shall become
                     immediately and fully vested and all conditions applicable
                     to all contingently issued options, warrants, stock
                     appreciation rights and other similar securities shall be
                     deemed waived by the Company;

              (3)    All benefits applicable to Employee and his family members,
                     including, without limitation, all life insurance, group
                     health insurance, dental plans, disability plans,
                     retirement plans and other employee benefit plans of the
                     Company of the Agreement shall continue for a period of
                     three (3) months following the Triggering Event;

              (4)    In the event that Severance Payments and Benefits are
                     deemed to be "excess parachute payments" as defined under
                     Section 280G of the Internal Revenue Code, then the Company
                     shall pay to Employee an additional lump sum cash payment
                     as shall be necessary to provide Employee with the same
                     after-tax compensation and benefits as if no such excise
                     tax had been imposed;

              (5)    The Company shall pay as and when due any and all
                     attorneys' fees and costs that Employee may incur in
                     connection with the enforcement of his rights under this
                     Agreement or any dispute or settlement in connection
                     herewith; and

              (6)    Severance Payments and Benefits will not be subject to
                     mitigation in any respect.


4.       STOCK OPTIONS, WARRANTS AND STOCK APPRECIATION RIGHTS (SARS).

          Notwithstanding the foregoing, all stock options, warrants, stock
appreciation rights and other similar securities shall immediately vest upon the
occurrence of a Change in Control and at such time all conditions applicable to

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contingently issued options, warrants, stock appreciation rights and other
securities shall be deemed waived by the Company.

5.     REPRESENTATIONS AND WARRANTIES. Employee represents and warrants to the
Company that he is under no contractual or other restriction or obligation that
would prevent the performance of his duties hereunder or interfere with the
rights of the Company hereunder.

6.     DISCLOSURE AND PROTECTION OF CONFIDENTIAL INFORMATION.

       (a)    For purposes of this Agreement, "Confidential Information" means
              knowledge, information and material which is proprietary to the
              Company, of which Employee may obtain knowledge or access through
              or as a result of his employment by the Company (including
              information conceived, originated, discovered or developed in
              whole or in part by Employee). Confidential Information includes,
              but is not limited to, (i) technical knowledge, information and
              material such as trade secrets, processes, formulas, data,
              know-how, improvements, inventions, computer programs, drawings,
              patents, and experimental and development work techniques, and
              (ii) marketing and other information, such as supplier lists,
              customer lists, marketing and business plans, business or
              technical needs of customers, consultants, licensees or suppliers
              and their methods of doing business, arrangements with customers,
              consultants, licensees or suppliers, manuals and personnel records
              or data. Confidential Information also includes any information
              described above which the Company obtains from another party and
              which the Company treats as proprietary or designates as
              confidential, whether or not owned or developed by the Company.
              Notwithstanding the foregoing, any information which is or becomes
              available to the general public otherwise than by breach of this
              Section 11 shall not constitute Confidential Information for
              purposes of this Agreement.

       (b)    During the term of Employee's employment with the Company and
              thereafter, Employee agrees, to hold in confidence all
              Confidential Information and to not use such information for the
              protection of Confidential Information, and will inform the
              Company of any defects in, or improvements that could be made to,
              such rules and regulations.

       (c)    Employee will abide by any and all security rules and regulations,
              whether formal or informal, that may from time to time be imposed
              by the Company for the protection of Confidential Information, and
              will inform the Company of any defects in, or improvements that
              could be made to, such rules and regulations.

       (d)    Employee will notify the Company in writing immediately upon
              receipt of any subpoena, notice to produce, or other compulsory
              order or process of any court of law or government agency if such
              document requires or may require disclosure or other transfer of
              Confidential Information.

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       (e)    Upon termination of employment, Employee will deliver to the
              Company any and all records and tangible property that contain
              Confidential Information that are in his possession or under his
              control.

7.     AVAILABILITY OF INJUNCTIVE RELIEF. Employee acknowledges and agrees that
any breach by him of the provisions of Section 10 6 hereof will cause the
Company irreparable injury and damage for which it cannot be adequately
compensated in damages. Employee therefore expressly agrees that the Company
shall be entitled to seek injunctive and/or other equitable relief, on a
temporary or permanent basis to prevent any anticipatory or continuing breach of
this Agreement or any part hereof, and is secured as an enforcement. Nothing
herein shall be construed as a waiver by the Company of any right it may have or
hereafter acquired to monetary damages by reason of any injury to its property,
business or reputation or otherwise arising out of any wrongful act or omission
of it.

8.     SURVIVAL. The covenants, agreements, representations and warranties
       contained in or made pursuant to this Agreement shall survive Employee's
termination of employment for a period of one (1) year, irrespective of any
investigation made by or on behalf of any party.

9.     SUCCESSORS; BINDING AGREEMENT. This Agreement shall be binding on and
inure to the benefit of the Company, its Successors and Assigns and the Company
shall require any successor or assign to expressly assume and agree to perform
this Agreement in the same manner and to the same extent that that the Company
would be required to perform it if no such succession or assignment had taken
place. The term the "Company" as used herein shall include all such successors
and assigns. The term "Successors and Assigns" as used herein shall mean a
person, corporation or other entity.

10.    NOTICES. Any notice required or permitted hereunder shall be deemed
validly given if delivered by hand, verified overnight delivery, or by first
class, certified mail to the following addresses (or to such other address as
the addressee shall notify in writing to the other party):

If to Employee:            D. Carr Moody
                           1881 Middle River Dr.
                           #601
                           Fort Lauderdale, Florida 33305

If to the Company:         vFinance.com, Inc.
                           3300 PGA Blvd., Suite 810
                           Palm Beach Gardens, Florida 33410
                           Attention: CEO or President

with a copy to:            Leslie J. Croland, P.A.
                           Steel Hector & Davis LLP
                           200 South Biscayne Boulevard, 40th Floor
                           Miami, Florida 33131

11.    WAIVER. Any waiver by either party of a breach of any provision of this
Agreement shall not operate as or be construed to be a waiver of any other
breach
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of such provision or of any breach of any other provision of this Agreement. The
failure of a party to insist upon strict adherence to any term of this Agreement
on one or more occasions shall not be considered a waiver or deprive that party
of the right thereafter to insist upon strict adherence to that term or any
other term of this Agreement. All waivers must be in writing.

12.    BINDING EFFECT. The Company's rights and obligations under this Agreement
shall not be transferable by assignment or otherwise, and any attempt to do any
of the foregoing shall be void. The provisions of this Agreement shall be
binding upon the Employee and his heirs and personal representatives, and shall
be binding upon and inure to the benefit of the Company, its successors and
assigns.

13.    HEADINGS. The headings in this Agreement are solely for convenience of
reference and shall be given no effect in the construction or interpretation of
this Agreement.

14.    GOVERNING LAW; VENUE. This Agreement is to be performed in the State of
Florida, and the validity, construction and enforcement of, and the remedies
under, this Agreement shall be governed in accordance with the laws of the State
of Florida, without giving effect to any choice of laws principles. In the event
of any litigation arising out of or relating to this Agreement, exclusive venue
shall be in Broward County, Florida.

15.    ENTIRE AGREEMENT. This writing constitutes the binding and entire
agreement of the parties superseding and extinguishing all prior agreements or
understandings regarding the subject matter hereof, and may not be modified
without the written agreement by the parties.

16.    INVALIDITY. The invalidity or unenforceability of any term of this
Agreement shall not invalidate, make unenforceable or otherwise affect any other
term of this Agreement, which shall remain in full force and effect.


IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
first hereinabove written.

                                                  EMPLOYER:

                                                  vFinance.com, Inc., a Delaware
                                                  corporation

                                                  By: /s/ LEONARD J. SOKOLOW
                                                      --------------------------
                                                      Authorized Representative

                                                  EMPLOYEE:

                                                      /s/ CARR MOODY
                                                      --------------------------
                                                      D. Carr Moody