I have done a basic design of the logo I want. I have chosen to use the letter "V", and tried to play around with circles and connections between circles to show a network marketing effect. The "V" also represents an "inverse pyramid", which tells our members that the guy on the bottom of the chain will also profit from the business (as opposed to just the guys on the top).
I have not decided on the colours, and have just chosen blue as a starting point. It could be a different colour, or a variety of colours.
I have also come across another logo that takes on a different style - this can be found in the 2nd attached file. It's a glowing ring with 4 colours around it. Perhaps you could put a V² in the middle of the ring to see how that goes - just an idea.
As an additional incentive to the winning designer, I will give credit to him (her) in our corporate presentations where we share information about our company, and our logo. You will have immense exposure as we aim to have at least 200,000 members by the end of 2010.
Note: All final entries must be in an Editable Vector format, including but not limited to .ai and .eps.