With the number of VCs who blog increasing, the amount of valuable information available is growing as well. Most of the VC blog content available possesses a time-based relevancy component to it. And that’s one reason that blogs are so interesting – they are an instant feedback mechanism to learn what individuals are thinking about a certain subject or topic.

But I’ve notice that a significant portion of content of what VCs have blogged has been reference material. It is largely static recommendations and thoughts directed towards entrepreneurs to give them insight into the venture capital process. Some of the best examples include Allen Morgan’s “Ten Commandments for Entrepreneurs,” Brad Feld & Jason Mendelson’s “Term Sheet Series,” along with many others.

Does it make sense for us (read: me take the lead) to start an open venture capital wiki for this type of reference material? Would it be helpful to have it all in one central location, as opposed to spread throughout disparate blogs? (Of course, we would diligently follow the licensing and attribution requests/intentions of the authors). One idea would be post the material on a dedicated hosted wiki (through SocialText or on Seedwiki). Another would be to avoid “recreating the wheel” and just use Wikipedia as the central resource.

So… I am looking for my readers’ (i.e. your) thoughts. Is this open venture capital wiki a good idea? What is the best forum or technology service solution for this project? What are the posts that you think should be included? Do you think that others will contribute to this effort? I am eager to hear your ideas via e-mail, comments, and trackbacks. Thanks.

Note: special thanks to Jeff Clavier for acting as a sounding board for my initial thoughts on this idea.