People, who sign in to the newest social network, won’t be looking for dates or posting a list of their favourite movies. They will be searching for companies to invest in and listing their interests in areas such as clean energy or enterprise software.

Next month, the New England Venture Network, a regional social group for venture capitalists, is launching, an online social network for professionals looking for another channel to connect and talk shop.

Online social networks such as Facebook and Myspace have become mainstream for people of all ages and backgrounds to connect, but websites aimed at extremely targeted audiences have also sprung up. of Cambridge, Massachusetts, for instance, allows only physicians to become members, while is targeted at public relations, marketing, and media professionals who want to discuss the trade with their peers.

“The reality is, when we are at networking events, we’re saying what interesting new deals have you seen?" saidDanny Klein, an associate at Westboro, Massachusetts-based Vesbridge Partners Llc., and is part of the team launching VentureNetwork. “Nobody teaches you how to be a venture capitalist," he said, adding that online tools may create a real channel for communication, beyond just exchanging business cards at networking events.

Work and play: Online networks such as Myspace and Facebook have become mainstream communities; the new networking portal hopes to create a specialized platform for VCs to mix business and pleasure.

“If you think about it, it does fit with venture capital quite well," said Patricia Greene, provost of Babson College, who has studied entrepreneurship and venture capital. “Venture capitalists generally invest in people they know or someone who knows someone they know."

In some ways, a specialized social network makes perfect sense. Venture capitalists tend to be tech-savvy people who invest lots of time making connections as they meet entrepreneurs and explore industries. But social networks, which often embrace notions of collaboration, openness, and even exhibitionism, don’t seem to fit the venture capital culture, in which firms may be ultra-competitive and secretive about investments.

Simeon Simeonov, a partner at Polaris Venture Partners LP in Waltham, Massachusetts, said he would be interested in joining the network, checking out the functionality, and contributing content.

Simeonov, who blogs and uses social networks such as LinkedIn and Facebook, said venture capitalists are often looking for other firms to go in with them on a deal. But he questioned whether the competitive nature of the business would be an obstacle to the site’s plan for matching deal-makers. “In theory you want to be protective," he said. "You don’t want somebody else to be able to take away the thing you may have found, the diamond in the rough."

The team driving the network ultimately hopes it will expand beyond New England’s venture capital community to become a national network that will enable “bicoastal handshakes" between firms and entrepreneurs in different locations, said David Safaii, a senior associate at Windspeed Ventures, also headquartered at Lexington, Massachusetts.

“We look at 500 deals a year; it’s only 1% that make it through," leaving venture capitalists with a lot of leftover material, Safaii said.

But like any social network, the quality of the network will depend on the community itself creating content and investing time in the network.

Venture capital “is an incredible network-centric type of activity," Greene said.

But it remains to be seen whether getting together online can replace breakfast meetings, she said.

“The challenge will be trying to maintain the network," Greene added.©2007/THE BOSTON GLOBE