Matt Marshall and John Boudreau of the San Jose Mercury News point out that New York VC Fred Wilson is experimenting with podcasts as a way of reaching out to fledgling entrepreneurs:

"He's soliciting entrepreneurs to send him their company pitches on a recorded audio file, which he downloads for later listening on a bike ride. There's minimal hassle: Entrepreneurs simply tag their audio files at http://del.icio.us with an identifier that Wilson subscribes to, via RSS."

Sounds like a pretty cool idea -- and a great way to level the playing field in the clubby world of venture capital. The days of the 30-second elevator pitch are over: say hello to the brave new world of the 3-minute VC podcast.