Journalist leaps from WIRED to web-based startup...maybe

As a writer for WIRED, Josh Davis has covered the Internet from top to bottom. Now he has a new challenge: in 12 months, find the next big thing in the Web 2.0 world and turn it into something at the level of YouTube and Flickr. He'll be using his own money to start but, in return, hopes to witness at ground zero how the pressures of running a startup can be rewarding. Initially, he's selecting three startups to help find initial funding: one in the UK, one from a digitally developing country (think Estonia) and one from anywhere else. He'll negotiate his own equity in each firm (this is where the reward comes in). Patrick Sullivan at lov.li, who used to be with our friends at Marqui is helping Josh out and posted more about the project at LinkedIn. This is one of the more intriguing projects I've heard about lately.

-posted by Rachel