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RedWire is a new Canadian-based social network in beta that offers a place for entrepreneurs to connect. RedWire describes the service as, "Through our comprehensive web application, we facilitate networking between entrepreneurs and members of the global business community. We provide users with a platform for collaboration and knowledge sharing."
The idea is to have entrepreneurs share information about their business and get help from the groups listed in the diagram below. There are groups, events and networking space on RedWire. They also offer an expert advice section which is basically a blog with a variety of categories including marketing, money, sales, marketing, and technology.
The strength of a system like RedWire is to combine continuous online discussion with actual offline real events.
The site appears to be ad supported but if they can get a strong userbase, they could easily sign small business service partners and charge a sponsorship fee.