VentureBeat Bang Ventures, a Cambridge, Mass., based firm, wants to host the American Idol of the tech world.

Computerworld New contest allows Internet users to vote on which Web 2.0 start-up ideas should get funding.

Tech Crunch You Be The VC is a new competition from New York based Bang Ventures that brings an American Idol style popular voting format to seed capital raising. Wannabe startups put forward their startup ideas to an expert panel, and then the best of those ideas are presented to the public for voting.