For all the talk about how the new economy is empowering individuals, so far the megabucks IPO spoils have gone mostly to the fat cats who put up venture capital. The rest of us must wait until after a company goes public to get in on the action. But soon you won't need a Stanford MBA or an address on Sand Hill Road to play the VC game. The idea of venture capitalism for the masses would have been laughable a few years ago, but meVC's association with Draper Fisher Jurvetson, one of Silicon Valley's hottest VC firms, gives it a shot of Street credibility. The meVC fund will mirror DFJ's investments, so it will benefit from the VC firm's high tech savvy.
Individuals can invest through traditional brokers and online trading outfits.
Before you cash out your retirement savings, though, it's worth noting that only 1 in 10 VC investments sees a return. Also, as a small-timer, you'll miss out on traditional VC fringe benefits like corporate boat rides and exclusive IPO parties. Inc. All rights reserved.