When American Idol Meets Venture Capital

 - May 14, 2007   Updated: May 11 2011
References: msnbc.msn & digg
If you have a great idea for the next big thing (when it comes to tech start-ups), then you'll want to get in line for the Billionaire Bootcamp through Y Combinator. Of course, the competition is very fierce as applicants vie for acceptance knowing that those accepted and successful will get start-up cash, as well as hardcore training in the boot camp.

Implications - The billionaire bootcamp competition is held twice a year by Y Combinator, where they select only about a dozen applicants out of hundreds to start up new and innovative tech companies. The goal is to create a product that will eventually go into production and be accepted by consumers.