This is not a solution for most members, but if you own the gear already, it's a great way to go.
I ordered a cheap bike stand on Amazon and while it was a great value for the money, it didn't securely hold the bike, no angle or position movement capabilities, cannot secure a bike with a kickstand or bottom bracket brakes and in general... it kinda sucked... so I sent it back.
Looking at my photo gear I have at home, I already own a few Matthews professional C-Stands with Gobo arms http://bit.ly/uO0R8O
and a bunch of Manfrotto SuperClamps or if you have Matthews (MSE) clamps, they're called Mafer Clamps http://bit.ly/tKOV22
This is all professional heavy duty stuff I bought used, otherwise to buy this stuff new is over $300 but I bought the stuff years ago for around $100. If you don't already own the gear, I don't recommend you go out and buy the stuff if your only use would be for a DIY bike stand.
Basically the C-Stand will give you a super sturdy base that is height adjustable and the gobo arm gives you further adjustment. So all that I needed is a simple "Snap In Pin" so that you can clamp your SuperClamp onto the gobo arm and voila! You have a really secure, adjustable bike stand.
I found the steel Avenger Snap In Pin for $6.00 shipped at Amazon.com. I bought a couple as I can find plenty of uses in my photography.
Of course I have a bunch of sandbags for additional stand support and counterweights to offset the weight of the bike if I feel it necessary.
So if you are like me and happen to have a bunch of photo studio gear, it's a piece of cake to convert a C-Stand into a awesome bike stand for almost no money that will probably be better than any bike stand you can buy for $100 or less. Some members might even have everything in their studio and not need to spend a dime. Or your studio gear might be different, but... if you own a C-Stand already, I'm sure you can figure out similar working solution. Or if someone doesn't already have the gear, but are a photographer and can find additional uses for the photo gear in the future, I certainly recommend CL to find some used stuff cheap. In L.A. there's lots of photographers wanting to unload gear in this digital photography age where everyone now has a digital camera and it's tougher to make a living as a studio photographer and they might need to close their studio or downsize to a smaller studio and reduce their gear.
The only thing the professional bike stands like the Pro Park Stand has over my DIY stand is the quick clamping clamp vs my having to screw the SuperClamp closed which takes an extra 30 seconds to do. However, I wouldn't be surprised if www.MSEGRIP.com has a comparable quick locking clamp and I just haven't seen one. I've not used any of the $150 home mechanic stands but I have used the Pro stand (I think it's a Park Tools Stand) at www.bicyclekitchen.com and I'm spoiled and couldn't settle using anything much less workable.
It's actually raining is So Calif this morning, so I'll take/post pics in a few days when the rain goes away as I work on my bikes outside on the patio.