[Jschwa]

Bruce, I think you're on to something, but I wanted to provide some insight.

I work at Angelsoft and we have found that Angels do NOT read business plans until much later in the funding process. However, they are extremely interested in a company’s one-page summary, and will usually make their decision on whether to purse further talks based on that. If you want to build a site around refining something, I would recommend focusing on the one-page summary. It is a less onerous thing to read and comment on for your community, and it is what investors really care about.

If you want a good template for a one-pager, goto http://OPEN-deals.com and register. Fill out all the questions and click Preview at the top of the page to generate a one page PDF summary. You can do that for free, you don't need to pay the $250 fee to submit to OPEN-deals to get it. Hope that helps.

-jason at angelsoft.net