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In Good Forum You need tons of money. You have no financial contacts. Where can you turn? Many entrepreneurs have found what they need in venture forums.

By Cynthia E. Griffin

Opinions expressed by Entrepreneur contributors are their own.

Any entrepreneur who's ever chased venture capital dollars can tell you the process is often a brutal, soul-stripping experience. For those without Ivy League connections or friends and family in the right places, finding someone to quickly scan your executive summary or listen to your "elevator" pitch can take months.

This need--of entrepreneurs who have potentially fundable ideas to be connected to investors--has given rise to the quite recent venture-forum phenomenon. Although these entities have been in existence for decades, the past five years have seen the number of forums grow significantly.

According to Tom Siegel, president of the National Association of Venture Forums, there are about 100 active forums nationwide. They range from relatively small, highly selective groups to forums that let just about anyone with a business plan make a pitch.

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