One of the people I have come to admire most on the interent is Paul Graham. I just relish reading his essays about anthropological and social things, as well as those about his experiences helping businesses come into being in the tech world.

He's what is known as an "angel investor" - or more formally - as a "venture capitalist." He made his own millions creating the software that would later become "Yahoo store." Today, he invites pairs and triplets of university students to Cambridge Massachusetts each summer to found new startup companies. He accepts applications throughout the year, and when folks' projects are accepted, he gives them enough money to live and eat for the summer, and buy the tools to begin creating their vision for a new company. Later, he gets his money back, when a successful business goes public in an IPO, or when it is sold to a larger company for a large sum of cash.

He's the quintessential "ethical investor" - and really likes to see cool trends come into being through the kinds of projects that he funds.

His latest invitation is for people to come up with business ideas that will "kill Hollywood." Read about it here.