Fear and Greed are the topic of the day for CB Stealth (not real name), the internet startup I've been involved with for nine months. So the question is, do you worry more about losing a fixed amount of money, or do you fret more about missing out on the investment of a lifetime?

Well, CB Stealth is now up and running (3 weeks) in its beta test version, which finally happened after jumping some major hurdles. Besides all the issues related to the site's features, before we went live we had to get clearance from our insurers and our legal counsel. This is a major milestone for a internet software startup company that has been tinkering with the product for months now.

Investors have become excited about reaching this point and I will be happier to be able to speak about it publicly once a few more updates are complete. I thought by now I would be able to share more about this new social networking site, but as it is, we are still too small to handle even the current pace of questions and suggestions. We need to work out a few more things before we go big time. The initial product is free and has advertising, but we are now in development of the value added paid product that we intend to release in the Fall.

It is very interesting to be following stories like this in the business journals and to have the opportunity to see it all from the inside as an advisor, and shareholder.