My buddy Dan Hoffer has started a neat Angel & Entrepeneur network called MBAngels. The idea is that recent MBA grads will pitch their ideas to Angel investors from their alumni base. Angel funding is a really difficult, and sometimes inefficient process, so anything that makes this better has a real shot. Plus, Alumni are more inclined to help recent grads with whom they share common experiences. If you can break the ice with a few stories about the good old days at Henry's with a CAL Alum or the share a late night story from the Keg at Northwestern, it helps create an instant connection.
Dan is a serial entrepeneur having started CouchSurfing.com. I can't wait to see how this idea plays out.