A new Silicon Valley business incubator called The Start Project has recruited a high-profile group of entrepreneurs as advisers, which it announced today on its Web site.

Twitter co-founder Biz Stone, WordPress co-founder Matt Mullenweg, former Google (GOOG) exec and angel investor Chris Sacca, as well as Whiskey Media’s Mike Tatum and Jeffries & Co. Managing Director David Liu, have all agreed to help the company’s start-ups before and during their creation.

The Start Project is the brainchild of serial entrepreneurs Narendra Rocherolle of 83 Degrees, who co-founded a range of companies, and Josh Felser of Spinner and Crackle.

Polaris Venture Partners is also involved, lending office space in San Francisco and possible investments in whatever innovative ideas bubble up, with a first-look option.

“We can do a lot of stuff, such as pairing a CEO with an adviser with an amazing track record,” said Rocherolle in an interview with BoomTown. “It’s kind of a Justice League for start-ups.”

The Start Project’s description of itself on its Web site reads:

“The start project is a collaborative effort to bring great ideas to market. While the founders have a history of successful exits (over half a billion dollars), they are now focused on the initial stages of business creation including: idea generation, software development, product vision, team building, and investment.”

Looks like he was right.

LogMeIn became the fourth venture-backed IPO of 2009 this morning, hitting the markets with an offering that raised $107 million for the remote-services technology provider. Priced at $16 each, the high end of the stock’s IPO price range, LogMeIn (LOGM) shares spiked more than 30 percent to $20.90 shortly after the company made its public debut.

Great news for LogMeIn, which filed to go public in January 2008, only to see its prospects for doing so trashed by the econalypse. Great news as well for venture-backed companies hoping to go public. “The IPO window has cracked open a bit,’’ Emily Mendell, vice president of strategic affairs for the National Venture Capital Association told the Boston Globe. “I think the market has become slightly more stable.’’

It would certainly appear that way. Shares of SolarWinds (SWI), a network-management software outfit, are up 24 percent since their debut, and online restaurant-reservation service OpenTable’s (OPEN) shares have soared 52 percent since they began trading in May.

Clearly, we’re seeing something of an awakening in the moribund IPO market, although whether it will continue is anyone’s guess. “I think this is a temporary market window,” David Liu, a managing director at Jefferies & Co., told Forbes. “The economy is still screwed up….We’re telling our clients, if you can get on file and do something quickly, go ahead and do it now so you’re not caught flat-footed.”

David Liu, CEO of the wedding Web site, said the idea is to provide the “ingredients” that people planning weddings seek out. Brides are best served by content available in their specific location, he said. Likewise, wedding vendors want to advertise in bridal outlets that target a region.

The new sites, which range from the Ozarks to Oahu, Orange County to Orlando, are catalogued under weddings.com. The local sites bring the total number of niche Web sites under the Knot umbrella to 85. Mr. Liu says the company plans to have more than 200 such sites by the end of the year.

Hyperlocal content is increasingly popular with media outlets, especially among news organizations. The New York Times (NYT) recently launched a pair of sites called “The Local” to cover communities in Brooklyn and New Jersey. Patch, a startup Web company backed by new AOL (TWX) CEO Tim Armstrong, covers community news in a handful of neighborhoods in New Jersey. Topix aggregates content by zip code.

Read the rest of this post