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With interest in location-based social networks (LBSN) hitting an all-time high with Foursquare's recent funding announcement valuing the company at $115 million, a new type of social networking has emerged that borrows some of the mechanics and incentives from location-based services: event-based social networks (EBSNs).

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My idea is to create a system called The Startup Guild that is somewhat like a distributed and virtual version of YCombinator. The Startup Guild would use game mechanics to help track and match up participants into self supporting mastermind groups. As an analogy, if YCombinator were client-server, the Startup Guild would be a torrent tracker. The main premise of the guild would be to help entrepreneurs build their first profitable business via the unfunded route of bootstrapping, however there would be nothing about the guild to exclude participants from seeking funding or placement at an incubator.