Then micro-blogging came along in the for of Twitter and Pownce. People didn’t understand why they would answer the question of “What are you doing?” to the public. But, when they did the popularity and the value of Twitter skyrocketed. Now just as before with social networks there are community based and customized micro-blogging platforms. The good ones provide great value for those involved and the ones who don’t sit stagnant. No surprise.

Recently, my friend Scott Scheper launched the customized community driven VentureDig micro-blogging platform. The site is focused on increasing communication between venture capitalists and entrepreneurs.

VentureDig is the first micro-blogging platform that focuses on ventures and venture capital.

You can think of VentureDig as Twitter for entrepreneurs, venture capitalists, angel investors or anyone desiring to learn about the next big thing.

The concept behind VentureDig is really quite simple: pitch a venture that you find to be awesome! Something you dig! Something you like so much, that you decide to share it with all of your friends.

This can be anything–a certain website you like, a blog you like, an iPhone app you like, a facebook app you like–virtually anything.

The only thing is, you have to tell everyone why it’s worth checking out in less than 140 characters.

This site has serious potential to be an open and honest live forum for investors and entrepreneurs to interact in a balanced fashion. Similar to TheFunded.com this sites goal is to create that mutually beneficial discourse betwenen the two parties instead of the ‘vulture capital bashing’ that could potentially occur.VC’s need entrepreneurs and many times entrepreneurs need VC’s to get their companies growing…why not start that relationship at VentureDig? VentureDig has launched into beta and was built on an open-source microblog platform written by gaboink.net.

As these community based microblogging platforms pop up, as they undoubtedly will, don’t join all of them. You’ll waste your time because similar to social networks you only have so many units of utility from microblogging. As you spread those units acrooss differencet platforms you begin to lose value from the fairly quickly. But, if venture capital and startup entrepreneurship is of interest as it is for me I highly encourage you to check out VentureDig.com.

I created a Tumblr blog but I have a bit of a loyalty to Posterous at this point so I’ll stick with Posterous unless someone can make a great case for Tumblr. Fred Wilson (AVC.com) who I respect a lot is a big fan of Tumblr, but that may be just because it is a portfolio company.

How about this… Can we get an investor of Posterous to comment on why it is better than Tumblr. That would be fun.

I’m posting this via email using Posterous by the way.

Update to post:

In response to this post Garry Tan, CEO of Posterous, comments…

Thanks Garry for the comments! The team at Posterous has been extremely helpful in fixing any issues.