Are You Blue?Don't be. This online service can hook students up with the venture capital they need to start a business.

Joshua Bryce Newman epitomizes the light-speed nature people associate with the Net. The 20-year-old Yale University junior has already established and helped grow Sharkbyte Technology Consulting Inc., a financial software development firm. He's also mentored numerous start-up firms, and, at the moment, he's blazing yet another trail. Together with partners Bill Martin, 22, and Eric Ries, 21, Newman launched a new Palo Alto, California, start-up, Paradigm Blue, with a focus on providing venture funding to student entrepreneurs via the Studentech Venture Fund.

"Part of what we did [at Sharkbyte] was build dotcoms," says Newman, managing partner of Studentech. "People came with money and a business plan, and we did everything else. We came up with a strategy for the site and then did the structural design and technical implementation."